Equities Market Records 1.6% Gain in First Week of December

Stock Market Investors Lose N383bn In October

In the first week of December, lead indices at the Nigerian Equities Market, namely the All-Share Index and Market Capitalisation rose by 1.61% and 1.54% to close the week at 25,740.83 and N8.855 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance Index that depreciated by 2.04% while the NSE ASeM Index closed flat

Twenty-seven equities leaped in price during the week, same as 27 equities of the of the last week in November.

Thirty-two stocks slumped in price, higher than 26 equities of the previous week, while 116 equities remained unchanged lower than 128 equities recorded in the preceding week.

A turnover of 2.479 billion shares worth N9.988 billion in 12,059 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 639.439 million shares valued at N6.455 billion that exchanged hands last week in 11,799 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.369 billion shares valued at N5.305 billion traded in 6,590 deals; thus contributing 95.56% and 53.12% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 33.630 million shares worth N2.758 billion in 2,222 deals. The third place was occupied by the Conglomerates Industry with a turnover of 32.939 million shares worth N41.190 million in 586 deals.

Trading in the Top Three Equities namely – Wema Bank Plc, Diamond Bank Plc and Access Bank Plc (measured by volume) accounted for 1.934 billion shares worth N1.821 billion in 972 deals, contributing 78.03% and 18.23% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 2,340 units of Exchange Traded Products (ETPs) valued at N39,848.85 executed in 15 deals, compared with a total of 25 units valued at N235.15 transacted last week in 5 deals.

There was no bond traded in the course of the first week on the bourse. However,a total of 2,100 units of Federal Government Bonds valued at N1.838 million were transacted last week in 2 deals.

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