By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday ended an all bullish week as the  all-share index  (ASI) and market capitalisation climbed up by 4.19 percent and 5.41 percent  to close at 30,562.93 and N10.319 trillion respectively, according to the Nigerian Stock Exchange (NSE) weekly report.

The NSE reports that turnover of 2.509 billion shares worth N24.115 billion in 19,971 deals were traded this week by investors on the floor of Nigerian bourse compared to a total of 1.382 billion shares valued at N12.053 billion that exchanged hands last week in 16,877 deals.

According to the report, the Financial Services Industry (measured by volume) led the activity chart with 2.198 billion shares valued at N14.144 billion traded in 12,589 deals; thus contributing 87.60 percent and 58.65 percent to the total equity turnover volume and value respectively.

The NSE affirmed that the Conglomerates Industry followed with a turnover of 161.705 million shares worth N1.095 billion in 1,223 deals. While, the third position was occupied by the Consumer Goods Industry with 67.492 million shares worth N7.157 billion in 2,516 deals.

Transactions in the top three equities namely- United Bank for Africa Plc, Mansard Insurance Plc and FBN Holdings Plc (measured by volume) accounted for 1.223 billion shares worth N5.403 billion in 4,715 deals, contributing 48.76 percent and 22.40 percent to the total equity turnover volume and value respectively.

A summary of price changes in the week under review shows that 50 equities appreciated in price during the week, higher than 11 of the past week. 21 equities dipped in price, lower 53 recorded the previous week, while 125 equities remained unchanged, lower than 132 recorded in the preceding week.