fbpx
BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

Impressive Q1 Corporate Earnings Drives Stock Market Value Up by 0.53%

stock market

Transactions on the floor of the Nigerian Stock Exchange, NSE, ended in the Green Zone last week as the All-Share Index and Market Capitalization appreciated by 0.53% to close this week to 24,850.11 and N8.548 trillion respectively.

Also, all other indices closed higher with the exception of the NSE Consumer Goods Index, NSE Oil/Gas Index and The NSE Lotus Index that declined by 0.83%,0.73% and 0.77% respectively.

Thirty-five equities appreciated in price during the week, higher than 26 equities of the previous week. Thirty-two equities depreciated in price, lower than 41 equities of the previous week, while 122 equities remained unchanged same as the previous week.

The Financial Services Industry (measured by volume) led the activity chart with 747.817 million shares valued at N3.832 billion traded in 8,768 deals; thus contributing 84.46% and 65.73% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 45.517 million shares worth N977.579 million in 2,145 deals. The third place was occupied by the Agriculture Industry with a turnover of 32.313 million shares worth N48.460 million in 247 deals.

Trading in the top three equities namely – Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank For Africa Plc.(measured by volume) accounted for 290.319 million shares worth N3.015 billion in 3,795 deals, contributing 32.79% and 51.72 % to the total equity turnover volume and value respectively.

Also traded during the week were a total of 4,511 units of Exchange Traded Products (ETPs) valued at N1.401 million executed in 38 deals, compared with a total of 690 units valued at N572,158.80 transacted last week in 28 deals.

A total of 3,241 units of Federal Government and Corporate Bonds valued at N3.579 million were traded in 4 deals compared to a total of 28,280 units of Federal and State Government Bonds valued at N29.572 million transacted last week in 8 deals.

About Author

Comments (3)

  1. Impressive Q1 Corporate Earnings Drives Stock Market Value Up by 0.53% https://t.co/egYj2h7mAt https://t.co/MSAm88bif4

  2. NEW POST: Impressive Q1 Corporate Earnings Drives #StockMarket Value Up by 0.53% https://t.co/nmxemDr5RA https://t.co/F9CKpuq0HR

  3. Impressive Q1 Corporate Earnings Drives Stock Market Value Up by 0.53% https://t.co/qPSxx5V4t3 https://t.co/PPxT7jXt7G

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.