Nigerian bourse up 0.89% for the week

The NGX All-Share Index and Market Capitalization appreciated by 0.89 per cent to close the week at 49,316.29 and N26.861 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Consumer Goods, NGX Growth and NGX Sovereign Bond indices which depreciated by 0.20 per cent, 0.52 per cent and 0.44 per cent respectively.

A total turnover of 814.089 million shares worth N12.204 billion in 15,488 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.225 billion shares valued at N15.243 billion that exchanged hands last week in 15,317 deals.

The Financial Services Industry (measured by volume) led the activity chart with 663.799million shares valued at N5.517 billion traded in 7,240 deals; thus contributing 81.54% and 45.21% to the total equity turnover volume and value respectively. The ICT Industry followed with 44.358 million shares worth N4.493 billion in 1,136 deals.

The third place was the Consumer Goods Industry, with a turnover of 27.372 million shares worth N1.187 billion in 3,051 deals.

Trading in the top three equities namely Sterling Bank Plc, Access Holdings Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 394.878 million shares worth N2.847 billion in 2,274 deals, contributing 48.51% and 23.33% to the total equity turnover volume and value respectively.

A total of 10,201 units of ETP valued at N2.827 million were traded this week in 25 deals compared with a total of 1,169 units valued at N500,331.26 transacted last week in 26 deals.

Bonds market traded a total of 10,398 units valued at N11.496 million were traded this week in 14 deals compared with a total of 20,863 units valued at N22.124 million transacted last week in 32 deals.

A total of 32 equities appreciated in price during the week, higher than 31 in the previous week, even as 28 equities depreciated in price higher than 26 in the previous week, while 97 remained unchanged, lower than100 equities recorded in the previous week.