By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) finished the week on a positive note as all-share index (ASI) and market capitalisation appreciated by 0.65 percent to close the week at 25,988.40 basis and N8.940 trillion respectively.
“Similarly, all other Indices finished higher during the week, with the exception of the NSE Premium Index and the NSE Industrial Goods Index that declined by 1.65 percent, and 0.15 percent respectively, according to NSE’s weekly stock market report.
The NSE reported at the close of the week’s trading on the local bourse, a turnover of 1.111 billion shares worth N7.448 billion in 15,562 deals were traded this week by investors compared to a total of 1.476 billion shares valued at N7.992 billion that exchanged hands last week in 15,743 deals.
According to the NSE, the Financial Services Industry measured by volume led the activity chart with 900.274 million shares valued at N3.826 billion traded in 10,216 deals; thus contributing 81.00 percent and 51.37 percent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 72.524 million shares worth N92.218 million in 703 deals. While the third position was occupied by the Consumer Goods Industry with a turnover of 52.498 million shares worth N1.901 billion in 2,262 deals.
The NSE reported that trading in the shares of lenders, Fidelity Bank Plc, FCMB Holding Plc and Zenith Bank International Plc measured by volume accounted for 427.854 million shares worth N1.646 billion in 2,795 deals, contributing 38.50 percent and 22.10 percent to the total equity turnover volume and value respectively.
Also, traded in the review were a total of 72,054 units of Exchange Traded Products (ETPs) valued at N637,635.25 executed in 26 deals, compared with a total of 40,021 units valued at N1.885 million transacted last week in 44 deals.
A summary of price changes in the review week shows that 39 equities gained in price during the week, higher than 35 traded the past week.
On the flipside, 22 equities lost in price, lower than 24 reported the previous week, while 128 equities remained unchanged, lower than 130 posted last week.
The NSE reported there was no transaction recorded on bonds this week. However, a total of 4,063 units of Federal Government Bonds valued at N4.903 million were transacted last week in 3 deals.
