By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Thursday closed a four-day trading week higher as the all-share index (ASI) and market capitalisation appreciated by 0.80 percent to close the week at 25,899.91 and N8.909 trillion respectively.
Similarly, all other Indices finished lower during the week, with the exception of the NSE Main Board Index, NSE 30 Index, NSE Banking Index and the NSE Consumer Goods Index that increased by 1.68 percent, 1.47 percent, 1.37 percent, and 4.96 percent respectively, according to the NSE’s weekly stock market report.
This is coming on the heels of positive investors’ interest across key Consumer Goods and Banking counters.
At the close of the week’s trading on the domestic bourse, the NSE reported a turnover of 1.552 billion shares worth N10.453 billion in 14,994 deals were traded by investors compared to a total of 11.907 billion shares valued at N18.338 billion that exchanged hands last week in 19,508 deals.
According to the report, the Financial Services Industry measured by volume led the activity chart with 1.187 billion shares valued at N7.298 billion traded in 10,457 deals; thus contributing 76.49 percent and 69.82 percent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 160.334 million shares worth N1.547 billion in 2,167 deals. The third place was occupied by the Conglomerates Industry with a turnover of 79.549 million shares worth N122.754 million in 527 deals.
The NSE reports that trading in the shares of Nigeria’s top tier lenders, Zenith Bank International Plc, Guaranty Trust Bank Plc and investment services firm, United Capital Plc measured by volume accounted for 536.253 million shares worth N5.852 billion in 4,735 deals, contributing 34.55 percent and 55.98 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 118,976 units of Exchange Traded Products (ETPs) valued at N1.267 million executed in 20 deals, compared with a total of 294,047 units valued at N3.209 million transacted last week in 42 deals.
On bonds, a total of 91,918 units of Federal Government Bonds valued at N100.479 million were traded in 7 deals compared to a total of 12,470 units of Federal Government Bonds valued at N14.348 million transacted last week in 8 deals.
A summary of price changes in the review period shows that 22 equities gained in price during the week, higher than 20 of the past week. On the flipside, 38 equities lost in price, lower than 41 posted the previous week, while 129 equities remained unchanged higher than 128 recorded last week.
