By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) all-share index (ASI) and market capitalisation both inched up by 0.14 percent to close higher on Friday at 42,891.82 and N14.163 trillion respectively, according to the NSE’s weekly stock market report.
Similarly, all the NSE sector indices appreciated during the week with the exception of the NSE oil and gas Index that depreciated 8.45 percent.
The Nigerian equities market recorded turnover of 1.777 billion shares worth N19.904 billion in 25,974 deals traded this week by investors compared to a total of 1.832 billion shares valued at N19.394 billion that exchanged hands last week in 26,521 deals.
The NSE reported that the financial services industry (measured by volume) led the activity chart on its bourse with 1.308 billion shares valued at N9.818 billion traded in 12,283 deals; thus contributing 73.62 percent and 49.33 percent to the total equity turnover volume and value respectively.
It affirmed that the conglomerates industry followed with a turnover of 138.120 million shares worth N873.592 million in 2,103 deals. While the third position was the consumer goods industry with 136.580 million shares worth N4.651 billion in 3,464 deals.
According to the NSE’s weekly market report, trading in equities of three (3) firms- FBN Holdings Plc, Unity Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 668.146 million shares worth N4.496 billion in 2,807 deals, contributing 37.60% and 22.59% to the total equity turnover volume and value respectively.
In terms of price changes, the NSE said 48 equities went up in prices during the week higher than 40 recorded the previous week.
The report further affirmed that 32 equities depreciated in prices lower than 37 of the preceding week, while 120 remained unchanged lower than 123 recorded last week.
