Nigerian bourse up 6.39% for the four-day week
The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization appreciated by 6.39 per cent to close the week at 30,530.69 and N15.958 trillion respectively. Similarly, all other indices finished higher with the exception of the NSE ASeM Index that closed flat.
It was a four-day trading week as the Federal Government of Nigeria declared Thursday, 29th October as a public holiday to commemorate Eid-el-Maulud.
Meanwhile, a turnover of 1.909 billion shares worth N23.610 billion in 23,578 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 1.505 billion shares valued at N19.668 billion that exchanged hands upper week in 20,552 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.478 billion shares valued at N15.576 billion traded in 12,546 deals; thus contributing 77.41 per cent and 65.97 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 131.788 million shares worth N2.613 billion in 4,112 deals. The third place was the Industrial Goods, with a turnover of 83.526 million shares worth N3.573 billion in 1,818 deals.
Trading in the top-three equities namely FBN Holding Plc, Zenith Bank Plc and Access Bank Plc (measured by volume) accounted for 576.514 million shares worth N6.791 billion in 4,652 deals, contributing 30.19 per cent and 28.76 per cent to the total equity turnover volume and value respectively.
A total of 262,849 units ETPs valued at N2.160 billion were traded in the week in 52 deals compared with a total of 284,105 units valued at N2.090 billion transacted last week in 44 deals.
A total of 7,730 units of Bonds valued at N9.211 million were traded this week in 15 deals compared with a total of 19,811 units valued at N25.898 million transacted last week in 10 deals.
Sixty-eight (68) equities appreciated in price during the week, higher than twenty-eight (28) equities in the previous week. Six (6) equities depreciated in price, lower than thirty-five (35) equities in the previous week, while ninety-four (94) equities remained unchanged, lower than ninety-nine (99) recorded in the previous week.
