NSE up 2.63% for the week as investors stake N33bn on 3.45bn shares

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization appreciated by 2.63 per cent to close the week at 41,176.14 and N21.530 trillion respectively.

Similarly, all other indices finished higher with the exception of NSE Growth which depreciated by 3.32 per cent while the NSE ASeM Index closed flat

A total of 60 equities appreciated in price during the week, higher than 50 in the previous week even as 19 equities depreciated in price, lower than 21 in the previous week, while 82 remained unchanged, lower than 90 recorded in the previous week.

A turnover of 3.447 billion shares worth N32.725 billion in 30,327 deals were traded in the week on the floor of the Exchange, in contrast to a total of 3.394 billion shares valued at N19.867 billion that exchanged hands the upper week in 26,808 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.714 billion shares valued at N13.352 billion traded in 15,102 deals; thus contributing 49.74 per cent and 40.80 per cent to the total equity turnover volume and value respectively.

The Construction/Real Estate Industry followed with 768.131 million shares worth N4.203 billion in 430 deals.

The third place was Conglomerates Industry, with a turnover of 279.799 million shares worth N578.694 million in 1,199 deals.

Trading in the top-three equities namely UPDC Real Estate Investment Trust, Mutual Benefits Assurance Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 1.224 billion shares worth N4.459 billion in 929 deals, contributing 35.52 per cent and 13.63 per cent to the total equity turnover volume and value respectively.

A total of 413,509 units of ETPs valued at N2.454 billion were traded this week in 42 deals compared with a total of 196,294 units valued at N816.553 million transacted last week in 38 deals.

BONDS sector recorded 11,420 units valued at N12.325 million in the  week in 17 deals compared with a total of 10,051 units valued at N12.591 million transacted upper week in 27 deals.