By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE) – The Nigerian Stock Exchange (NSE) Friday reported its All-Share Index (ASI) appreciated by 0.65 percent (0.65%) for the week ended January 17, 2014.
According to the NSE’s weekly stock market report, the NSE 30, NSE Consumer Goods and NSE Banking indices appreciated by 0.80%,0.30% and 2.23% respectively. However the NSE Insurance, the NSE Oil/Gas, the NSE Lotus Islamic Index and NSE Industrial indices depreciated during the week by 1.17%, 2.03%, 0.43% and 0.32% respectively while NSE-ASeM closed flat.
However, a turnover of 1.514 billion shares worth N18.333 billion in 25,016 deals were traded this week by investors on the floor of the Nigerian Bourse compared to a total of 1.722 billion shares valued at N22.443 billion that exchanged hands the previous week in 29,600 deals.
The NSE’s weekly report affirmed that the Financial Services Industry (measured by volume) led the activity chart with 992.851 million shares valued at N8.087 billion traded in 12,205 deals; thus contributing 65.59% and 44.11% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 155.994 million shares worth N1.071 billion in 1,719 deals. The third place was occupied by the Oil and Gas Industry with 140.090 million shares worth N2.529 billion in 4,101 deals.
The NSE’s report says trading in the top three (3) equities namely, Transnational Corporation of Nigeria Plc, First City Monument Bank Plc and Unity Bank Plc (measured by volume) accounted for 328.881 million shares worth N1.034 billion in 1,965 deals, contributing 21.73% and 5.64% to the total equity turnover volume and value respectively.
In the same vein, 44 equities appreciated in prices during the week higher than 34 equities of the preceding week. 37 equities depreciated in prices lower than 47 of the previous week, while 117 equities remained unchanged the same with 117 equities in the previous week.
