The Nigerian equities market finished last week on bullish note as the NSE All-Share Index and Market Capitalisation up by 2.28% to close the week at 34,020.37 and N11.725 trillion respectively.
The week also ended with other sectoral indices finishing higher with the exception of the NSE Insurance Index that depreciated by 2.81% while the NSE ASeM index closed flat.
United Bank for Africa Plc, Continental Reinsurance Plc and Niger Insurance Plc, accounted for 2.515 billion shares worth N20.825 billion in 1,191 deals, contributing 69.33% and 59.69% to the total equity turnover volume and value respectively.
The Financial Services Industry led the activity chart by volume with 3.393 billion shares valued at N28.711 billion traded in 11,237 deals; thus contributing 93.55% and 82.30% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 79.473 million shares worth N3.418 billion in 3,101 deals. The third place was occupied by Conglomerates Industry with a turnover of 70.175 million shares worth N113.486 million in 872 deals.
An analysis of the stock performance for the week revealed the top three most rallied stocks at the Nigerian Stock Exchange (NSE), were led by Skye Bank.
A breakdown of how the stocks fared showed Skye Bank recorded a 19.67 percent growth to close at 73 kobo per share, Unilever was next with a growth of16.12 percent amidst impressive Half year results released Last Friday. The stock closed at N38.32 per share while Lafarge closed 15.38 percent higher or gained a whopping N8 in the just concluded week to close at N60 per share also on account of the company’s profitable 2017 half year results published recently via the NSE.
Conversely, AXA Mansard led the losers chart by a dip of 8.97 percent in its share price to close the week at N2.03 per share, A.G. Leventis dropped 7.69 per cent and closed at 72kobo per share while NAHCO depreciated 6.02 percent and closed at N2.81 per share.
Also traded during the week were a total of 40 units of Exchange Traded Products (ETPs) valued at N493.60 executed in 4 deals compared with a total of 25,540 units valued at N2.646 million transacted last week in 10 deals.
A total of 13,465 units of Federal Government Bonds valued at N14.486 million were traded this week in 10 deals, compared with a total of 2,977 units valued at N2.946 million transacted last week in 11 deals.”
A turnover of 3.628 billion shares worth N34.886 billion in 19,834 deals were traded during the week by investors on the floor of the Exchange, in contrast to a total of 1.272 billion shares valued at N13.993 billion that exchanged hands previous week in 19,385 deals. Total volume of stocks moved this week was also on the upside, recording a WoW growth of 185%.
