September 22, 2017
By InvestAdvocate
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Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange All-Share Index (NSEASI) and market capitalisation on Friday appreciated by 1.38 percent and 1.37 percent to close the week at 35,488.81and N12.234 trillion respectively.
All other Indices finished higher during the week with the exception of NSE Consumer Goods and NSE Oil/Gas indices that depreciated by 0.23 percent and 3.05 percent while the NSE ASeM Index closed flat,” according to the NSE’s weekly stock market report.
The report says that at the close of the week’s trading on the domestic bourse, a total turnover of 1.096 billion shares worth N17.859 billion in 16,070 deals were traded this week by investors compared to a total of 896.618 million shares valued at N15.368 billion that exchanged hands last week in 17,048 deals.
According to the NSE, the Financial Services Industry (measured by volume) led the activity chart with 880.597 million shares valued at N13.614 billion traded in 8,994 deals; thus contributing 80.33 percent and 76.23percent to the total equity turnover volume and value respectively.
The Industrial Goods Industry followed with 69.174 million shares worth N676.248 million in 881 deals. The third place was occupied by Consumer Goods Industry with a turnover of 49.288 million shares worth N2.870 billion in 3,077 deals.
Trading in the Top Three Equities namely – Guaranty Trust Bank Plc, Access Bank Plc, Jaiz Bank Plc (measured by volume) accounted for 450.567 million shares worth N10.942 billion in 1,834 deals, contributing 41.11 percent and 61.27 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 58 units of Exchange Traded Products (ETPs) valued at N90,475.00 executed in 5 deals compared with a total of 1,265 units valued at N145,720.20 transacted last week in 8 deals.
In terms of bonds, the NSE reports a total of 178 units of Federal Government Bonds valued at N163,407.05 were traded this week in 2 deals, compared with a total of 5,290 units valued at N5.030 million transacted last week in 15 deals.
A summary of price changes in the review week shows that 25 equities appreciated in price higher than 23 declared the previous week. On the flipside, 35 equities depreciated in price, lower than 45 posted last week, while 111 equities remained unchanged higher than 104 recorded in the preceding week.
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