Nigerian equities market up 0.25% for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization both appreciated by 0.25 per cent to close the week at 25,267.82 and N13.168 trillion respectively.

All other indices finished higher with the exception of NSE Meri Value and NSE Oil/Gas Indices which depreciated by 2.99 per cent and 0.34 per cent respectively while NSE ASeM closed flat.

A total of 34 equities appreciated in price during the week, lower than 55 in the previous week as 21 equities depreciated in price, higher than 18 in the previous week, while 108 remained unchanged, higher than 100 recorded in the preceding week.

It was a brief trading week as the Federal Government of Nigeria declared Monday 25th and Tuesday 26th May 2020 as Public Holidays to mark the end of holy month of Ramadan and commemorate the Eid al-Fitr celebrations.

A  total turnover of 1.255 billion shares worth N13.501 billion in 20,554 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.718 billion shares valued at N18.849 billion that exchanged hands last week in 26,367 deals.

The Financial Services industry (measured by volume) led the activity chart with 953.356 million shares valued at N8.236 billion traded in 10,931 deals; thus contributing 75.94 per cent and 61.00 per cent to the total equity turnover volume and value respectively.

The Industrial Goods industry followed with 64.245 million shares worth N1.785 billion in 2,000 deals. The third place was the Consumer Goods industry, with a turnover of 62.487 million shares worth N1.434 billion in 3,427 deals.

Trading in the top-three equities namely FBN Holdings Plc, Zenith Bank Plc and Guaranty Trust Bank Plc. (measured by volume) accounted for 494.748 million shares worth N6.618 billion in 5,566 deals, contributing 39.41 per cent and 49.02 per cent to the total equity turnover volume and value respectively.

A total of 150,008 units of ETPs valued at N359.831 million were traded this week in 14 deals, compared with a total of 7,251 valued at N42.007 million transacted last week in 15 deals.

A total of 5,225 units of Bonds valued at N5.875 million were traded this week in 3 deals compared with a total of 12,809 valued at N13.170 million transacted last week in 18 deals.