Nigeria equities market appreciates by 2.44% for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization both appreciated by 3.442 per cent to close the week at 42,412.66 and N22.187 trillion respectively.

Similarly, all other indices finished higher with the exception of NSE Oil/Gas which depreciated by 7.25 per cent while the NSE ASeM and NSE Growth Indices closed flat.

A total of 41 equities appreciated in price during the week, lower than 53 in the previous week as 34 equities depreciated in price, higher than 29 in the previous week, while 86 remained unchanged, higher than 79 recorded in the previous week.

A total of 20,510 units Bonds valued at N22.187 million were traded in the week in 17 deals compared with a total of 2,515 units valued at N2.606 million transacted last week in 16 deals.

A total of 262,345 units of ETPs valued at N2.279 billion were traded this week in 61 deals compared with a total of 778,755 units valued at N4.575 billion transacted last week in 46 deals.

A total turnover of 2.570 billion shares worth N27.884 billion in 31,466 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 4.288 billion shares valued at N25.989 billion that exchanged hands last week in 32,849 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.497 billion shares valued at N12.695 billion traded in 14,324 deals; thus contributing 58.22 per cent and 45.53 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 363.263 million shares worth N821.428 million in 1,722 deals. The third place was Consumer Goods Industry, with a turnover of 220.759 million shares worth N3.953 billion in 5,952 deals.

Trading in the-top three equities namely Transnational Corporation of Nigeria, Union Bank of Nigeria Plc and Zenith Bank Plc (measured by volume) accounted for 633.261 million shares worth N5.634 billion in 3,947 deals, contributing 24.64 per cent and 20.20 per cent to the total equity turnover volume and value respectively.