Nigerian bourse continues bullish trend as NGX All-Share Index rises by 3.89% for the week

The NGX All-Share Index and Market Capitalization appreciated by 3.89% to close the week at 65,003.39 and N35.395 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX ASeM which depreciated by 0.07% Seventy-three (73) equities appreciated in price during the week higher than 29 equities in the previous week, even as 19 equities depreciated in price lower than 77 in the previous week, while 64 remained unchanged, higher than 50 recorded in the previous week.

A total turnover of 4.182 billion shares worth N99.048 billion in 41,446 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 5.246 billion shares valued at N63.417 billion that exchanged hands last week in 57,234 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.015 billion shares valued at N36.762 billion traded in 20,079 deals; thus contributing 72.08% and 37.12% to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 311.172 million shares worth N2.128 billion in 3,473 deals. The third place was the Conglomerates Industry, with a turnover of 180.518 million shares worth N787.392 million in 2,111 deals.

Trading in the top-three equities namely United Bank for Africa, FCMB Group Plc and Japaul Gold & Ventures Plc (measured by volume) accounted for 1.727 billion shares worth N18.239 billion in 4,707 deals, contributing 41.29% and 18.41% to the total equity turnover volume and value respectively.

A total of 17,963 units of ETP valued at N1.688 million were traded this week in 66 deals compared with a total of 3.562 million units valued at N96.268 million transacted last week in 110 deals.

The Bonds sector recorded a total of 150,193 units valued at N158.210 million this week in 23 deals compared with a total of 20,386 units valued at N21.934 million transacted last week in 14 deals.