Nigerian Bourse up 0.55% for the week

The NGX All-Share Index and Market Capitalization appreciated by 0.55 per cent and 0.54 per cent to close the week at 46,205.05 and N24.898 trillion respectively.

However, all other indices finished lower with the exception of NGX Main board, NGX banking,NGX AFR Bank Value, NGX AFR Div Yield, NGX Meri Growth, NGX Consumer Goods and NGX Oil/Gas indices, which appreciated by 3.87%, 4.84%, 0.35%, 1.65%, 1.17%, 2.04% and 3.53% while the NGX ASem, and NGX Growth indices closed flat.

In total, 44 equities appreciated in price during the week, lower than 47 in the previous week, even as 33 equities depreciated in price, higher than 23 in the previous week, while 79 equities remained unchanged lower than 86 recorded in the previous week

A total turnover of 1.448 billion shares worth N19,080 billion in 22,557 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 1.858 billion shares valued at N47.486 billion that exchanged hands last week in 20,861 deals.

The Financial Service Industry (measured by volume) led the activity chart with 793.120 million shares valued at N8.151 billion traded in 10,947 deals; thus contributing 54.77% and 42.72% to the total equity turnover volume and value respectively.

The ICT Industry followed with 215,543 million shares worth N3.740 billion in 1,468 deals. The third place was The Conglomerates Industry, with a turnover of 98.299 million shares worth N190.248 million in 889 deals.

Trading in the top three equities namely Guaranty Trust Holding Company Plc, Courtville Business Solutions Plc and Chams Plc (measured by volume) accounted for 308.076 million shares worth N2.871 billion in 2,225 deals, contributing 21.27% and 15.05% to the total equity turnover volume and value respectively.

A total of 7,900 units of ETP valued at N1.831 million were traded in the week in 38 deals compared with a
total of 28,084 units valued at N18.300 million transacted last week in 27 deals

The Bonds market a total transactions of 57,971 units valued at N59.256 million traded in 15 deals compared with
a total of 2,290 units valued at N2.291 million transacted upper week in 7 deals.