By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) inched up by 1.19 per cent (1.19%) for the week end May 31 2013.
Weekly report from the NSE made available to InvestAdvocate shows that All-Share Index appreciated by 1.19% to close on Friday at 37,794.75.
Similarly, market capitalisation of the listed equities on the mainboard advanced by 1.14% to close at N12.075 trillion. While the NSE’s 30 Index appreciated by 1.05% to close at 1,809.91.
The report affirmed that all except one of the NSE sectoral indices appreciated same as the preceding week: NSE Consumer Goods, NSE Banking, NSE Insurance Index, NSE Oil/Gas, NSE-Lotus II and NSE Industrial Goods Indices advanced by 0.66%, 0.19%, 1.17%, 0.58%, 0.62%, and 1.68%. However, NSE-ASeM Index depreciated by 0.95%.
Also, 40 equities appreciated in prices during the week lower than 44 equities of the preceding week. While 36 equities depreciated in prices lower than 46 of the preceding week, while 119 equities remained constant higher than 105 equities of the preceding week.
However, the NSE said in its weekly report that a turnover of 1.503 billion shares worth of N14.109 billion in 24,007 deals were traded this week by investors on the floor of The Exchange compared to a total of 2.120 billion shares valued at N25.676 billion that exchanged hands last week in 31,806 deals. “The Financial Services sector (measured by volume) led the activity chart with a turnover of 1.070 billion shares valued at N7.844 billion traded in 12,406 deals.†The report affirmed
Furthermore, the Financial Services sector represented 71.65% and 55.60% of the total traded volume and value respectively. The Banking subsector of the Financial Services sector boosted by activity in the shares of Unity Bank Plc and U B A Plc was the most active subsector on the week’s activity chart with subsector turnover of 811.929 million shares valued at N6.059 billion exchanged hands by investors in 8,834 deals.
The NSE says the Banking subsector accounted for 54.02% and 42.95% of the total subsector traded volume and value respectively.
On its part, Over-the Counter (OTC) market for Federal Government of Nigeria (FGN) bonds reported a turnover of 157.881 million units valued at N174.329 billion in 859 deals were recorded this week compared to 226.048 million units worth N263.634 billion in 1,352 deals recorded in the preceding week ended May 24, 2013.
More updates to come