The NSE All-Share Index appreciated by 765.12 points or 2.28% to close on Friday at 34,301.37 while the market capitalization of the listed equities on the mainboard increased by 2.28% to close at N10.978 trillion. Also, the Bloomberg NSE 30 Index appreciated by 35.77 points or 2.23% to close at 1,638.65.
Other NSE sectoral indices that appreciated during the week include; Bloomberg NSE Consumer Goods, Bloomberg NSE Banking, Bloomberg NSE Oil and Gas and NSE-Lotus II advanced by 0.09%, 1.00%, 3.01%, 3.38% respectively. However, Bloomberg NSE Insurance depreciated by 7.38%.
It was a four-day trading week as the Federal Government of Nigeria declared Monday April 1st 2013 a public holiday to commemorate Easter Monday.
A turnover of 1.604 billion shares worth of N19.088 billion in 26,264 deals were transacted this week on the floor of The Exchange in contrast to a total of 1.612 billion shares valued at N13.542 billion that exchanged hands last week in 23,021 deals.
At the close of trading activities for the week, the Financial Services sector accounted for 1.197 billion shares valued at N11.448 billion exchanged hands by investors in 15,771 deals. The Conglomerates sector (measured by turnover volume) followed in the activity chart with 119.511 million shares valued at N428.835 million traded in 982 deals.
The Banking subsector of the Financial Services sector was the most active during the week (measured by turnover volume) with 951.162 million shares worth N9.305 billion exchanged by investors in 11,498 deals. Volume in the Banking subsector was largely driven by activities in the shares of Zenith Bank Plc, Sterling Bank Plc and Wema Bank plc.
Trading in the shares of the three banks accounted for 368.485 million shares, representing 38.74% of the turnover volume recorded by the subsector for the week.
Click here to download NSE’s Weekly Report for April 05 2013
Source: NSE
