By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) appreciated by 2.62 percent (2.62%) to close the week.
All the NSE Sectorial Indices appreciated; these include Bloomberg NSE 30, Bloomberg NSE Consumer Goods, Bloomberg NSE Banking, Bloomberg NSE Insurance, Bloomberg NSE Oil/Gas and NSE Lotus II appreciated by 3.25%, 5.94%, 1.81%, 6.38%, 1.40% and 3.33% respectively.
Similarly, for the week ended, Market Capitalisation of the listed Equities appreciated by 2.65% to close at N10.370 trillion.
This trend shows that activities at the Nigerian Bourse for the week ended Friday February 01 2013 was highly active.
Also, a review of the Equity Price Movements indicated that 55 Equities gained while 27 Equities recorded price declines , while 115 Equities remained constant; compared with the preceding week 49 Equities gained while 31 Equities recorded price declines and 117 remained constant.
The Nigeria’s Exchange for the week recorded a Turnover of 2.813 billion shares worth N22.188 billion in 33,123 deals; which is in contrast to a total of 2.612 billion shares valued at N19.152 billion that exchanged hands last week in 27,186 deals.
However, the Financial Services sector was the most active during the week, contributing 79.64% to the Total Equity Turnover Volume with 2.240 billion shares valued at N14.761 billion exchanging hands by investors in 19,656 deals.
To make this happen, the Banking subsector of the Financial Services sector was the most active during the week (measured by turnover volume); with 1.583 billion shares worth N12.581 billion traded in 13,629 deals.
The NSE Reports that Volume in the Banking subsector was largely driven by activities in the shares of Ecobank Transnational Incorporated Plc (ETI), Unity Bank Plc and United Bank for Africa Plc (UBA).
“Trading in the shares of the three Banks accounted for 844.849 million shares, representing 53.37%, 37.71% and 30.03% of the Turnover recorded by the subsector, sector and Total Turnover for the week, respectively†the NSE Report said.
Click here to download NSE’s Stock Market Report for February 01 2013
