By InvestAdvocate
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Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday sustained its bullish momentum as the all-share index (ASI) and market capitalisation appreciated by 1.64 percent to close the week at 25,653.16 and N8.878 trillion respectively.
“Similarly, all other Indices finished higher during the week with the exception of the NSE Consumer Goods Index that depreciated by 0.02 percent while the ASEM Index closed flat,” according to the Nigerian Stock Exchange (NSE) weekly stock market report.
The report said at the close of the week’s trading on the domestic bourse, a total turnover of 1.029 billion shares worth N7.980 billion in 13,441 deals were traded by investors compared to a total of 1.024 billion shares valued at N12.464 billion that exchanged hands last week in 16,400 deals.
According to the NSE, the Financial Services Industry measured by volume led the activity chart with 853.414 million shares valued at N4.269 billion traded in 7,904 deals; thus contributing 82.91 percent and 53.50 percent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 80.250 million shares worth N1.151 billion in 1,443 deals. The third place was occupied by Conglomerates Industry with a turnover of 45.770 million shares worth N83.469 million in 596 deals.
The NSE says trading in the Top Three Equities namely – Diamond Bank Plc, FBN Holdings Plc and Fidelity Bank Plc measured by volume accounted for 397.225 million shares worth N546.501 million in 1,680 deals, contributing 38.59 percent and 6.85 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 20 units of Exchange Traded Products (ETPs) valued at N90.90 executed in two (2) deals compared with a total of 1,020 units valued at N51,316.00 transacted last week in four (4) deals.
A total of 8,390 units of Federal Government Bonds valued at N8.203 million were traded this week in four (4) deals, compared with a total of 6,686 units valued at N5.583 million transacted last week in seven (7) deals.
A summary of price changes in the review week shows that 31 equities appreciated in price during the week, higher than 24 posted the previous week. On the flipside, 22 equities depreciated in price, lower than 31 of the past week, while 124 remained unchanged higher than 122 recorded in the preceding week.
