Lead indices of the Nigerian Stock Market, All-Share Index and Market Capitalization jumped by 1.64 percent to close the week at 25,653.16 and N8.878 trillion respectively.
All other Indices also 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 31 equities appreciated this week against 24 of the previous week.
The week’s gainers were led by Diamond Bank, United Capital and Continental Reinsurance. Diamond Bank appreciated by 16.05 percent to close at 0.94 kobo, United Capital increased 15.70 percent to close at N2.80 and Continental Reinsurance closed 13.21 percent higher at N1.20.
22 equities depreciated in price, lower than thirty-one 31 equities of the previous week. N.E.M Insurance led the week’s depreciating stocks with 10.99 percent to close the week at 81 kobO, 7-up closed at N77.71 having lost N8.29 or 9.64 percent, while Nigerian Aviation Handling Company closed 9.09 percent lower this week.
Meanwhile 124 equities remained unchanged higher 122 equities recorded in the preceding week.
The Financial Services Industry 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.
Top Three traded equities by volume were Diamond Bank Plc, FBN Holdings Plc and Fidelity Bank Plc. They 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.
A total turnover of 1.029 billion shares worth N7.980 billion in 13,441 deals were traded by investors on the floor of the Exchange in contrast to a total of 1.024 billion shares valued at N12.464 billion that exchanged hands previous week in 16,400 deals.