By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday closed the week with a modest gain of 0.05 percent as the Nigerian Stock Exchange (NSE) all-share index (ASI) and market capitalisation closed at 27,631.05 and N9.500 trillion respectively.
“Similarly, six other Indices finished higher during the week, except the following Indices: NSE Main Board Index (-0.78 percent), NSE 30 Index(-0.10 percent),NSE Consumer Goods Index(-0.10 percent),NSE Oil and Gas Index(-6.19 percent) and NSE Pension Index(-0.66 percent),” according to the NSE’s weekly stock market report.
The report affirmed at the close of the week’s trading on the local bourse, a turnover of 1.218 billion shares worth N14.685 billion in 13,495 deals were traded this week by investors compared to a total of 1.041 billion shares valued at N13.007 billion that exchanged hands last week in 13,407 deals.
The report says the Financial Services Industry (measured by volume) led the activity chart with 1.068 billion shares valued at N9.888 billion traded in 7,803 deals; thus contributing 87.73 percent and 67.33 percent to the total equity turnover volume and value respectively.
Similarly, the Consumer Goods Industry followed with 48.455 million shares worth N2.450 billion in 2,560 deals. While in the third position was occupied by the Conglomerates Industry with a turnover of 45.914 million shares worth N364.525 million in 622 deals.
According to the NSE’s weekly stock market report, trading in the shares of lenders, Guaranty Trust Bank Plc, FBN Holdings Plc and mortgage lender, Union Homes Savings & Loans Plc (measured by volume) accounted for 610.558 million shares worth N7.340 billion in 3,262 deals, contributing 50.13 percent and 49.98 percent to the total equity turnover volume and value respectively.
In terms of price changes in the review week, the NSE reported that 28 equities appreciated in price during the week, higher than 21 posted the previous week. On the contrary, 51 equities depreciated in price, higher than 41 reported the previous week, while 111 equities remained unchanged, lower than 128 recorded in the preceding week.
