By InvestAdvocate
Lagos (INVESTADVOCATE)-The Bulls on Friday sustained its hold on the Nigerian equities market for the second consecutive week, with the benchmark index closing 1.39 percent Week-on-Week (w/w) higher at 28,247.07 and N9.703 trillion respectively.
“Similarly, all other Indices finished higher during the week, with the exception of the The NSE-Main Board Index, NSE Banking Index and the NSE Consumer Goods Index that depreciated by 0.14 percent, 0.73 percent and 0.53 percent respectively, while the NSE ASeM and NSE Insurance Indices closed flat,” according to the weekly stock market report from the Nigerian Stock Exchange (NSE).
At the close of the week’s trading on the domestic bourse, the NSE recorded a turnover of 4.331 billion shares worth N16.803 billion in 16,797 deals traded by investors compared to a total of 611.527 million shares valued at N5.495 billion that exchanged hands last week in 9,650 deals.
The NSE reports the Financial Services Industry measured by volume led the activity chart with 4.177 billion shares valued at N9.788 billion traded in 9,805 deals; thus contributing 96.45 percent and 58.25 percent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 65.533 million shares worth N5.017 billion in 2,855 deals. The third place was occupied by the Conglomerates Industry with a turnover of 31.751 million shares worth N125.102 million in 594 deals.
Trading in the Top Three Equities namely – Great Nigerian Insurance Plc, FCMB Group Plc and Diamond Bank Plc measured by volume accounted for 3.299 billion shares worth N3.704 billion in 1,308 deals, contributing 76.18 percent and 22.04 percent to the total equity turnover volume and value respectively.
In terms of Exchange Traded Products (ETPs), during the week, a total of 615 units valued at N6, 070.20 executed in 21 deals, were traded compared with a total of 945 units valued at N9, 541.90 transacted last week in 18 deals.
A total of 3,394 units of Federal Government Bonds valued at N3.263 million were traded in 5 deals compared to a total of 1,700 units of Federal Government Bonds valued at N1.591 million transacted last week in 6 deals.
A summary of price changes in the review week shows that 33 equities appreciated in price lower than 34 in the previous week. 25 equities depreciated in price, lower than 26 recorded in the previous week, while 122 equities remained unchanged higher than 120 recorded in the preceding week.
Click here to download NSE’s weekly report for the period ended September 23, 2016
