By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday ended the week on a positive note as the NSE all-share index (ASI) and market capitalisation rose by 1.48 percent to 27,650.32 points and N9.496 trillion respectively.
“Similarly, all other indices finished higher during the week, with the exception of the NSE Insurance and NSE Oil and Gas Indices that shed 1.19 percent and 3.44 percent respectively while the NSE ASeM Index closed flat,” the NSE said in its weekly stock market report for the period ended August 19, 2016.
The NSE report says that at the close of the week’s trading, a turnover of 1.375 billion shares worth N12.940 billion in 16,915 deals were traded this week by investors on the floor of the domestic bourse compared to a total of 1.361 billion shares valued at N10.711 billion that exchanged hands last week in 16,070 deals.
According to the NSE, the Financial Services Industry measured by volume led the activity chart with 1.195 billion shares valued at N8.631 billion traded in 10,365 deals; thus contributing 86.90 percent and 66.70 percent to the total equity turnover volume and value respectively.
Following suit is the Conglomerates Industry with 76.489 million shares worth N154.736 million in 964 deals; while the third place was occupied by the Consumer Goods Industry with a turnover of 38.048 million shares worth N1.768 billion in 2,676 deals.
The NSE reports that trading in the shares of lenders, United Bank for Africa Plc, Access Bank Plc and financial HoldCo, FBN Holdings Plc measured by volume accounted for 559.065 million shares worth N2.452 billion in 3,690 deals, contributing 40.66 percent and 18.95 percent to the total equity turnover volume and value respectively.
In terms of Exchange Traded Products (ETPs), a total of 57,828 units valued at N766,162.96 executed in 37 deals exchanged hands, compared with a total of 1,003 million units valued at N12.116 million transacted last week in 43 deals.
While a total of 3,127 units of Federal Government Bonds valued at N3.057 million were traded in 6 deals compared to a total of 4,044 units of Federal Government Bonds valued at N4.062 million transacted last week in 6 deals.
A summary of price changes in the review week shows that 25 equities gained in price, higher than 18 posted the past week. On the flipside, 39 equities lost in price, higher than 38 declared the previous week, while 116 equities remained unchanged lower than 124 recorded in the preceding week.
Click here to view NSE’s Weekly Stock Market Report for the Period Ended Friday August 19, 2016
