Nigerian bourse up 1.06% for the week

The NGX All-Share Index and Market Capitalization appreciated by 1.06 per cent to close the week at 55,529.21 and N30.250 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Oil and Gas index which depreciated by 2.36 per cent, while the NGX Sovereign Bond and NGX ASeM indices closed flat

A total of 53 equities appreciated in price during the week higher than 39 equities in the previous week, even as 21 equities depreciated in price lower than 22 in the previous week, while 83 remained unchanged, lower than 96 recorded in the previous week.

A total turnover of 1.910 billion shares worth N18.436 billion in 20,311 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 799.848 million shares valued at N29.354 billion that exchanged hands last week in 14,194 deals.

The ICT Industry (measured by volume) led the activity chart with 601.396 million shares valued at N2.676 billion traded in 1,607 deals; thus contributing 31.49% and 14.52% to the total equity turnover volume and value respectively.

The Financial Services Industry followed with 585.510 million shares worth N6.949 billion in 8,584 deals. The third place was the Services Industry, with a turnover of 349.215 million shares worth N2.402 billion in 512 deals.

Trading in the top-three equities namely Chams Holding Company Plc, Capital Hotels Plc and Transnational Corporation Plc. (measured by volume) accounted for 1.038 billion shares worth N2.621 billion in 769 deals, contributing 54.33% and 14.22% to the total equity turnover volume and value respectively.

A total of 30,547 units ETP of valued at N7.299 million were traded this week in 50 deals compared with a total of 5,760 units valued at N1.160 million transacted last week in 40 deals.

A total of 39,151 units of Bonds valued at N37.062 million were traded this week in 17 deals compared with a total of 54,323 units valued at N54.379 million transacted last week in 9 deals.