Nigerian bourse up 1.61% for the week

The NGX All-Share Index and Market Capitalization appreciated by 1.61 per cent and 1.62 per cent to close
the week at 40,868.36 and N21.296 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Insurance and NGX  Consumer Goods Indices that shed 1.51 per cent and 0.51 per cent respectively, while the NGX ASeM, NGX  Growth and NGX Sovereign Bond Indices closed flat.

A total of 42 equities appreciated in price during the week, higher than 33 in the previous week even as 26 equities depreciated in price, higher than 22 equities in the previous week, while 87 remained unchanged lower than 100 equities recorded in the previous week.

A total turnover of 2.179 billion shares worth N21.963 billion in 22,438 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 2.187 billion shares  valued at N16.183 billion that exchanged hands last week in 14,377 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.770 billion shares valued at N18.058 billion traded in 12,942 deals; thus contributing 81.20% and 82.22% to the total equity turnover volume and value respectively. The Conglomerates followed with 93.178 million shares worth N169.819 million in 736 deals. The third place was ICT Industry, with a turnover of 72.338 million shares worth N1.043 billion in 861 deals.

Trading in the top-three equities namely FBN Holdings Plc, Universal Insurance Plc and Fidelity Bank Plc (measured by volume) accounted for 1.161 billion shares worth N12.338 billion in 3,460 deals, contributing 53.28 per cent and 56.18 per cent to the total equity turnover volume and value respectively.

A total of 260 units of ETP valued at N5,362.50 were traded this week in 2 deals compared with a total of 160,433 units valued at N52.347 transacted last week in 23 deals.

A total of 62,005 units of Bonds valued at N65.842 million were traded this week in 39 deals compared with a total of 41,267 units valued at N42.568 million transacted last week in 17 deals.