The three stocks accounted for 522.737 million shares worth N1.951 billion in 1,914 deals as the Nigerian equities market closed the week on a positive note, reversing previous week’s loss of 1.77 percent.
Investors embarked on bargain hunting across most sectors that led to a 0.09 percent appreciation in The NSE All-Share Index and Market Capitalization to close the week at 27,861.03 and N9.570 trillion respectively.
All other sectoral Indices led by the NSE Banking index that appreciated by 1.95 percent finished on a high note in the course of the week excluding The NSE-Main Board, NSE Insurance, NSE Lotus II and the NSE Industrial Goods Indices that declined by 0.21 percent, 0.55 percent, 1.15 percent and 3.59 percent respectively, while the NSE ASeM Index closed flat.
In the course of the week, 22 equities appreciated in price, same as 22 equities of the previous week. Forty-two equities depreciated in price, higher than 35 equities of the previous week, while 116 equities remained unchanged lower than 123 equities recorded in the preceding week.
Caverton Offshore Support Group Plc led the top three gainers for the week with an appreciation of 13.43 percent or N0.09 to close at N0.76 per share. Seplat Petroleum Development Company Plc and Trans Nationwide Express Plc followed, adding 10.25 percent and 9.80 percent respectively to close at N385.88 and N1.12 per share each.
On the other side, UACN property development company Plc, Lafarge Africa (Wapco) Plc and E-tranzact International Plc led the weeks declining stocks to close at N3.41, N42.50 and N5.14 per share respectively, following a decline of 13.67 percent, 9.96 percent and 9.67 percent respectively.
The Financial Services Industry, measured by volume, led the activity chart with 1.022 billion shares valued at N5.890 billion traded in 8,812 deals; thus contributing 87.93% and 63.68% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 61.569 million shares worth N141.308 million in 633 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 33.086 million shares worth N2.017 billion in 2,642 deals.
Also traded during the week were a total of 119,743 units of Exchange Traded Products (ETPs) valued at N600,589.51 executed in 25 deals, compared with a total of 184 units valued at N2,077.37 transacted last week in 16 deals.
A total of 1,510 units of Federal Government Bonds valued at N1.558 million were traded in 1 deal compared to a total of 580 units of Federal Government Bonds valued at N N576,723.03 transacted last week in 2 deals.
A turnover of 1.163 billion shares worth N9.251 billion in 14,992 deals were traded during the week by investors on the floor of the Exchange in contrast to a total of 934.905 million shares valued at N6.357 billion that exchanged hands previous week in 12,352 deals.
