Performance at the Nigerian Stock Exchange, NSE at the close of last trading week took an upswing as the All Share Index the close at 27,116.45 points on Friday, May 20, as against its week’s opening index of 26,441.03 points, representing an increase of 2.55 per cent.
Aggregate market value of all quoted companies soared from the week’s opening value of N9.099 trillion to close at N9.313 trillion, showing an increase of N214 billion or 2.36 per cent.
The difference between the ASI and total market capitalization was due to the delisting of eight companies during the week.
There were 35 gainers to 37 losers last week as against 54 gainers against 17 losers recorded in the previous week. A total of 109 equities closed flat last week compared with 118 equities that closed unchanged in the previous week.
The trio of Wema Bank Plc, Zenith International Bank Plc and Access Bank Plc were the most active with the three stocks jointly accounting for 871.33 million shares worth N5.30 billion in 3,956 deals, representing 35.6 per cent of the total equity turnover volume.
Turnover also showed improved investors’ appetite as investors scrambled for undervalued bargain stocks. Total turnover stood at 2.45 billion shares worth N13.145 billion in 23,680 deals last week as against a total of 1.83 billion shares valued at N14.47 billion traded in 20,058 deals two weeks ago.
Also, a total of 307,411 units of Exchange Traded Products (ETPs) valued at N21.406 million were traded in 38 deals last week compared with a total of 382,448 units valued at N10.288 million traded in 43 deals two weeks ago.
In the bond market, a total of 4,143 units of Federal Government Bonds valued at N4.248 million were traded in eight deals as against a total of 8,033 units of Federal Government valued at N8.923 million traded in six deals in the previous week.
