Equities trading at the Nigerian Stock Exchange, NSE, had an impressive run last week as the Market Capitalization appreciated this week by 2.36% to close the week at N9.313 trillion.
Similarly, all other Indices finished higher during the week, with the exception of the NSE ASeM Index, NSE Insurance Index and the NSE Oil/Gas Index that declined by 0.03%, 1.73% and 0.76%
The Financial Services Industry (measured by volume) led the activity chart with 2.012 billion shares valued at N9.493 billion traded in 14,200 deals; thus contributing 82.26% and 72.22% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 208.483 million shares worth N268.053 million in 1,134 deals. The third place was occupied by the Oil And Gas Industry with a turnover of 80.269 million shares worth N692.612 million in 2,826 deals.
Trading in the Top Three Equities namely – Wema Bank Plc, Zenith International Bank Plc and Access Bank Plc.(measured by volume) accounted for 871.331 million shares worth N5.297 billion in 3,956 deals, contributing 35.63% and 40.30% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 307,411 units of Exchange Traded Products (ETPs) valued at N21.406 million executed in 38 deals, compared with a total of 382,448 units valued at N10.288 million transacted last week in 43 deals.
A turnover of 2.446 billion shares worth N13.145 billion in 23,680 deals were traded by investors on the floor of The Exchange in contrast to a total of 1.826 billion shares valued at N14.468 billion that exchanged hands last week in 20,058 deals.
