Stock index gains N17.859bn in one week

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Last week, a turnover of 1.096 billion shares, worth N17.859 billion, were traded in 16,070 deals by investors  on  the  floor  of the Nigerian Stock Exchange.

This is against a total of 896.618 million shares,  valued  at N15.368 billion, that exchanged hands in 17,048 deals, in the week earlier.

The Financial  Services Industry led  the  activity  chart with 880.597 million shares valued at N13.614 billion, traded in 8,994 deals; thus contributing 80.33 per cent  and 76.23 per cent to the total  equity  turnover  volume  and  value,  respectively.

The Industrial Goods Industry followed with 69.174 million shares worth N676.248million in 881 transactions. 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 and Jaiz Bank Plc, accounted for 450.567 million shares worth N10.942billion in1, 834 deals, contributing 41.11 per cent and 61.27 per cent to the total equity turnover volume and value, respectively.

Also traded last week were a total of 58 units of Exchange Traded Products valued at N90,475.00, executed  in five deals compared  with  a  total  of 1,265 units valued at N145,720.20 transacted last week in eight deals.

A total of 178 units of Federal Government Bonds valued at N163, 407.05 were traded this week in two deals, compared with a total of 5, 290 units valued at N5.030 million recorded in 15 deals, in the week earlier.

The  NSE’s All-Share Index and Market Capitalisation appreciated by 1.38 per cent and 1.37per cent to  close  the week at 35,488.81 and N12.234 trillion, respectively.

Similarly, all other Indices  finished higher, last  week, with  the exception  of NSE Consumer Goods and  NSE Oil/Gas indices that depreciated by 0.23 per cent and 3.05 per cent, while the NSE ASeM Index closed flat.