The Nigerian Equities Market last week soared by 6.07%, extending its gaining streak for the third consecutive week, buoyed by gains recorded across sectoral indices, with the exception of the NSE ASeM Index that depreciated by 1.74 percent while the NSE Insurance Index closed flat.
The NSE Oil & Gas index sat atop the list of sectoral gainerswith a 17.11 percent growth, as Oil & Gas stocks caught the eye of investors, following the resumption of activities at the Forcados oil terminal.
This led to a 39.78 percent growth in Forte Oil’s share price while Seplat’s share price, recorded an appreciation of 33.87 percent on same account coupled with Morgan Stanley’s increased weighting on Nigerian stocks from 6.5 percent to 7.9 percent.
The Pension Index followed with a growth of 8.96 percent, Industrial Goods followed with an appreciation of 7.96 percent while Banking and Consumer Goods Indices increased 4.91 percent and 3.86 percent respectively.
The NSE All Share Index (ASI) and Market Capitalization appreciated by 6.07 percent to close the week at 33,276.68 and N11.504 trillion respectively, expanding YTD returns to 23.82 percent.
A total turnover of 3.100 billion shares worth N29.180 billion in 33,677deals were traded by investors against a total of 2.319 billion shares valued at N23.813 billion that exchanged hands last week in 22,310 deals.
A total of 10,860 units of Federal Government Bonds valued at N10.196 million traded in 10 deals, this is in comparison with a total of 3,786 units valued at N3.806 million transacted prior week in 4 deals
