The Nigerian Stock Market, last week sustained an upswing for the third consecutive week with the All Share Index of the bourse recorded a strong growth of 8.36 percent to close the week at 36,864.71 points
Major Sectoral Indices finish higher with the exception of the NSE ASeM Index that plunging by 1.09%.
The market capitalization recorded a leap of N980.3 billion to close the week at N12.705 trillion.
Conoil up 21.41 percent to close at N36.40 per share led 51 equities that appreciated in price during the week, higher than 36 equities of the previous week.
Cadbury with a decline of 18.17 per cent to close at N10.45 led 23 equities that depreciated in price, lower than 33 equities of the previous week, while 97 equities remained unchanged lower than 102 equities recorded in the preceding week.
The total volume traded by investors was 2.211 billion shares worth N30.636 billion in 26,287 deals. This is in contrast to a total of 3.628 billion shares valued at N34.886 billion that exchanged hands last week in 19,834 deals.
Financial Services Industry topped the activity chart with 1.735 billion shares valued at N19.044 billion traded in 14,626 deals; thus contributing 78.45% and 62.16% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 165.396 million shares worth N454.240 million in 1,400 deals.
The third place was occupied by Consumer Goods Industry with a turnover of 135.802 million shares worth N6.681 billion in 4,143 deals.
The week’s top three traded stocks were United Bank for Africa Plc, FBN Holdings Plc and Access Bank Plc. They accounted for 798.334 million shares worth N7.165 billion in 5,855 deals, contributing 36.11% and 23.39% to the total equity turnover volume and value respectively.
