NIGERIAN equities on Friday closed the week in positive territory as all-share index (ASI) and market capitalisation appreciated by 2.47 percent to close at 33,261.66 and N11.464 trillion respectively. “Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM index that closed flat,” according to the Nigerian Stock Exchange (NSE) weekly market update. The NSE report says at the close of the trading week on the domestic bourse, a total turnover of 1.272 billion shares worth N13.993 billion in 19,385 deals were traded this week by investors on the floor of the Exchange compared to a total of 1.061 billion shares valued at N12.295 billion that exchanged hands in the prtevious week in 18,847 deals. It said the Financial Services Industry (measured by volume) led the activity chart with 1.086 billion shares valued at N9.743 billion traded in 11,229 deals; thus contributing 85.33 percent and 69.63 percent to the total equity turnover volume and value respectively. Coming second place is the Consumer Goods Industry with 44.786 million shares worth N1.536 billion in 2,853 deals. The third place was occupied by Conglomerates Industry with a turnover of 38.104 million shares worth N75.759 million in 727 deals. The NSE reports that trading in the Top Three Equities namely – United Bank for Africa Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 505.388 million shares worth N5.454 billion in 4,009 deals, contributing 39.73 percent and 38.98 percent to the total equity turnover volume and value respectively. Also traded during the week were a total of 25,540 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 10 deals compared with a total of 5 units valued at N484.85 transacted in 1 deal. A total of 2,977 units of Federal Government Bonds valued at N2.946 million were traded this week in 11 deals, compared with a total of 358 units valued at N344,610.97 transacted in 7 deal. A summary of price changes in the review week shows that 48 equities gained in price during higher than 16 reported the past week. On the flipside, 27 equities lost in price, lower than 51 equities declared the previous week, while 97 equities remained unchanged lower than 105 posted in the preceding week.

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