Nigerian bourse up 0.13% for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization both appreciated by 0.13 per cent to close the week at 28,697.06 and N14.999 trillion respectively even as all other indices finished lower with the exception of NSE-Main Board, NSE 30, NSE MERI Growth and NSE Consumer Goods which appreciated by 0.79 per cent, 0.14 per cent, 0.68 per cent and 2.86 per cent while the NSE ASeM Index closed flat.

A total of 28 equities appreciated in price during the week, lower than 35 in the previous week, even as 35 depreciated in price, higher than 23 equities in the previous week, while 99 equities remained unchanged, lower than 104 recorded in the previous week.

Turnover of 1.505 billion shares worth N19.668 billion in 20,552 deals were traded in the week on the floor of the Exchange, in contrast to a total of 1.955 billion shares valued at N22.978 billion that exchanged hands last week in 22,844 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.196 billion shares valued at N14.950 billion traded in 11,318 deals; thus contributing 79.47 per cent and 76.01 per cent to the total equity turnover volume and value respectively.

The Conglomerates industry followed with 97.167 million shares worth N269.045 million in 516 deals. The third place was the Consumer Goods, with a turnover of 77.588 million shares worth N1.928 billion in 3,461 deals.

Trading in the top-three equities namely Guaranty Trust Bank Plc, Access Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 633.527 million shares worth N10.006 billion in 3,887 deals, contributing 42.08 per cent and 50.87 per cent to the total equity turnover volume and value respectively.

A total of 284,105 units of ETPs valued at N2.090 billion were traded in the week in 44 deals compared with a total of 701,543 units valued at N6.051 billion transacted last week in 44 deals.

Also, the Bonds market recorded a trade transaction of 19,811 units valued at N25.898 million in the week in 10 deals compared with a total of 19,475 units valued at N23.752 million transacted the upper week in 5 deals.