By InvestAdvocate
Lagos (INVESTADVOCATE)-Bulls resurfaced on the Nigerian Stock Exchange (NSE) to end a volatile week as the all-share index (ASI) and market capitalisation appreciated by 0.28 percent to close the week at 26,325.93 and N9.058 trillion respectively.
“Similarly, all other Indices finished higher during the week with the exception of the NSE-Main Board, NSE Insurance, NSE Consumer Goods, NSE Oil/Gas and NSE Lotus II indices that depreciated by 0.39 percent, 0.34 percent, 1.82 percent, 3.15 percent and 1.87 percent respectively, according to the NSE’s weekly stock market report.
The report says at the end of the week’s trading on the Nigerian bourse, a total turnover of 1.117 billion shares worth N9.041 billion in 16,482 deals were traded by investors compared to a total of 4.319 billion shares valued at N7.376 billion that exchanged hands last week in 9,330 deals.
According to the update, the Financial Services Industry measured by volume led the activity chart with 903.696 million shares valued at N3.336 billion traded in 9,240 deals; thus contributing 80.88 percent and 36.90 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 67.147 million shares worth N109.014 million in 609 deals. The third place was occupied by Consumer Goods Industry with a turnover of 59.710 million shares worth N4.002 billion in 2,686 deals.
The NSE reports that trading in the Top Three Equities namely – Fidelity Bank Plc, Omoluabi Savings and Loans Plc and Diamond Bank Plc measured by volume accounted for 299.270 million shares worth N277.933 million in 1,029 deals, contributing 26.79 percent and 3.07 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 2,443 units of Exchange Traded Products (ETPs) valued at N730,619.05 executed in 23 deals, compared with a total of 55 units valued at N505.65 transacted last week in 11 deals.
A total of 5,200 units of Federal Government Bonds valued at N5.004 million were traded this week in 5 deals, compared with a total of 5,100 units valued at N5.120 million transacted last week in 2 deals.
A summary of price changes in the review week shows that 31 equities gained in price and higher than 18 reported the previous week. On the flipside, 34 equities lost in price, higher than 31 of the past week, while 110 equities remained unchanged lower than 126 recorded in the past week.
Click here to download NSE’s weekly stock market report for January 13, 2017
