The lead indices of the Nigerian Stock market, All-Share Index and Market Capitalization surged by 0.40% to close last week at 26,328.22 and N9.059 trillion respectively.
Meanwhile, all other Indices finished higher during the week with the exception of the NSE Premium Index that depreciated by 0.13% while the NSE ASem Index closed flat
Unity Bank led the week’s Twenty-nine appreciating stocks with an increase of 15.63 percent, Oando followed with a growth of 12.47 percent while Stanbic came third on the gainers list this week, after adding 8.57 percent.
On the flip side, Honeywell led the week’s losers by 11.29 percent, MRS Oil also dropped 9.74 percent and Sterling Bank depreciated 8.75 percent,
Meanwhile the week’s twenty nine gainers were lower than thirty equities than gained in the previous week. In the week under review, there were thirty companies that depreciated in price, higher than twenty-seven equities of the previous week, while one hundred and sixteen equities remained unchanged lower than one hundred and eighteen equities recorded in the preceding week.
The Financial Services Industry (measured by volume) led the activity chart with 664.647 million shares valued at N3.896 billion traded in 8,056 deals; thus contributing 67.10% and 20.70% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 133.641 million shares worth N2.602 billion in 2,653 deals. The third place was occupied by Conglomerates Industry with a turnover of 63.189 million shares worth N88.834 million in 635 deals.
Trading in the Top Three Equities in volume terms were Zenith International Bank Plc, Champion Breweries Plc and Diamond Bank Plc, they accounted for 252.189 million shares worth N1.822 billion in 1,841 deals, contributing 25.46% and 9.68% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 8,519 units of Exchange Traded Products (ETPs) valued at N527,483.35 executed in 10 deals, compared with a total of 44 units valued at N79,568.30 transacted last week in 12 deals.
A total of 59,299 units of Federal Government Bonds valued at N56.379 million were traded this week in 6 deals, compared with a total of 6,449 units valued at N6.652 million transacted last week in 9 deals.
At the end of the week, a total turnover of 990.584 million shares worth N18.823 billion in 14,917 deals were traded by investors in contrast to a total of 1.340 billion shares valued at N8.903 billion that exchanged hands last week in 15,733 deals.
