By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)- The Nigerian Stock Exchange (NSE) posted a five-day rally as the all-share index (ASI) and market capitalisation gained 5.05 percent to close the week at 24,689.69 basis points and N8.491 trillion respectively.
The rally was as a result of the performance in the Financial Services Industry which (measured by volume) led the activity chart with 1.252 billion shares valued at N7.169 billion traded in 8,451 deals; thus contributing 88.98 percent and 41.49 percent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 50.714 million shares worth N5.338 billion in 1,520 deals and the third position was occupied by the Consumer Goods Industry with a turnover of 37.534 million shares worth N3.117 billion in 2,473 deals.
Similarly, all other Indices finished higher during the week, with the exception of the NSE Banking Index, NSE Insurance Index and the NSE Consumer Goods Index that depreciated by 1.14 percent, 1.28 percent and 0.15 percent respectively, while the NSE ASeM index closed flat, according to the Exchange’s weekly stock market report.
The NSE’s weekly update reports that at the close of trading on the Nigerian equities market, a turnover of 1.407 billion shares worth N17.277 billion in 14,914 deals were traded this week by investors on the floor of local bourse compared to a total of 5.087 billion shares valued at N18.488 billion that exchanged hands last week in 16,711 deals.
The report affirmed that trading in the shares of lenders, Guaranty Trust Bank Plc, FCMB Group Plc and Wema Bank Plc (measured by volume) accounted for 667.292 million shares worth N4.256 billion in 2,114 deals, contributing 47.44 percent and 24.63 percent to the total equity turnover volume and value respectively.
Also traded during the week according to the NSE’s report, were a total of 115,641 units of Exchange Traded Products (ETPs) valued at N1.285 million executed in 28 deals, compared with a total of 34,089 units valued at N604, 908.34 transacted last week in 34 deals.
On bonds, a total of 39,340 units of both State (1) and Federal Government bonds (2) valued at N44.246 million were traded in three (3) deals, compared with a total of 4,190 units valued at N4.884 million transacted last week in five (5) deals.
A summary of price changes in the review eek shows that 26 equities gained in price during the week, lower than 30 posted the past week. On the contrary, 30 equities lost in price, lower than 40 reported the previous week, while 134 equities remained unchanged, higher than 120 recorded last week.
Click to download the NSE’s weekly market report for the period ended February 12, 2016
