By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday ended the week on a positive note as all-share index and market capitalisation gained by 2.68 percent to close  at 29,812.05 and N9.930 trillion respectively, according to the Nigerian Stock Exchange (NSE) weekly report.

The NSE reported that all indices finished higher during the week with exception of the NSE Oil & Gas index that dipped by 1.36 percent, while NSE ASeM Index closed flat.

At the end of the week’s transactions, the Nigerian bourse recorded a turnover of 2.119 billion shares worth N 25.941 billion in 21,044 deals were traded this week by investors compared to a total of 1.663 billion shares valued at N16.585 billion that exchanged hands last week in 23,591 deals.

According to the NSE’s weekly report, the Financial Services Industry (measured by volume) led the activity chart with 1.399 billion shares valued at N8.686 billion traded in 12,352 deals; thus contributing 66.02 percent and 33.49 percent to the total equity turnover volume and value respectively.

The report added that the Oil & Gas Industry followed with a turnover of 440.331 million shares worth N9.691 billion in 1,681 deals. In the third position was occupied by the Consumer Goods Industry with 100.492 million shares worth N5.384 billion in 3,392 deals.

Also, the NSE reported that trading in the top three (3) Equities namely- oil marketer, Oando Plc, insurer Mutual Benefits Assurance Plc, and lender Access Bank Plc (measured by volume) accounted for 930.333 million shares worth N8.953 billion in 1,956 deals, contributing 43.89 percent and 34.51 percent to the total equity turnover volume and value respectively.

In terms of price changes, the Nigerian bourse reported that 35 equities gained in price during the week higher than 15 of the preceding week. On the contrary, 31 equities dipped in price lower than 53 of the past week, while 130 equities remained unchanged higher than 237 reported the past week.