STOCKS on the Nigerian
bourse sustained a positive
momentum to close the week
as the benchmark index and
market capitalisation on
Friday appreciated by 1.52
percent and 1.53 percent
to close at 37,425.15 and
N12.899 trillion respectively.
“Similarly, all other Indices
finished higher during the
week with the exception of
the NSE Banking and the
NSE Oil/Gas Index that
depreciated by 1.64 percent
and 3.05 percent respectively
while the NSE ASeM Index
closed flat, according to
weekly stock market update
by the Nigerian Stock
Exchange (NSE).
To close the trading week, a
total turnover of 2.518 billion
shares worth N114.117 billion
in 23,546 deals were traded by
investors on the floor of the
domestic bourse compared to
a total of 2.211 billion shares
valued at N30.636 billion
that exchanged hands in the
previous week in 26,287 deals.
The NSE reports that the
Financial Services Industry
(measured by volume) led the
activity chart with 1.507 billion
shares valued at N16.354 billion
traded in 12,511 deals; thus
contributing 59.85 percent and
14.33 percent to the total equity
turnover volume and value
respectively. The Industrial
Goods Industry followed with
441.914 million shares worth
N89.356 million in 1,282 deals.
While, the third position was
occupied by Conglomerates
Industry with a turnover of
184.608 million shares worth
N701.665 million in 929 deals.
According to the NSE’s
update trading in the Top Three
Equities namely – Dangote
Cement Plc, Access Bank Plc
and Zenith International Bank
Plc. (measured by volume)
accounted for 833.966 million
shares worth N95.969 billion in
3,203 deals, contributing 33.12
percent and 84.10 percent to the
total equity turnover volume
and value respectively.
Also traded during the week
were a total of 1.166 million
units of Exchange Traded
Products (ETPs) valued at
N16.169 million executed in 17
deals compared with a total of
1.732 million units valued at
N13.711 million transacted in
the previous week in 19 deals.
A total of 5,850 units of
Federal Government Bonds
valued at N5.702 million were
traded this week in 7 deals,
compared with a total of 750
units valued at N695,229.29
transacted in 8 deals.
A summary of price changes
in the review week shows that
38 equities gained in price,
lower than 51 reported the
past week. On the flipside, 28
equities lost in price, higher
than 23 declared the previous
week, while 105 equities
remained unchanged higher
than 97 posted in the preceding