ASI, Market Cap up 1.26% this week with Wema, GTB, FBN Holdings most traded

The Nigerian Stock Exchange All-Share Index and Market Capitalization appreciated by 1.26% this week to close at 26,871.24 and N9.238 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of NSE Insurance and NSE Consumer Goods Indices that depreciated by 1.02% and 0.44% respectively, while the NSE ASeM Index closed flat.

It was a three-day trading week at the Nigerian Stock Exchange as the Federal Government of Nigeria declared Thursday 24th and Friday 25th of December, 2015 as Public Holiday in commemoration of the Eid-el-Maulud and Christmas Celebration respectively.

A turnover of 743.117 million shares worth N6.591 billion in 8,325 deals were traded during the week by investors on the floor of the Exchange in contrast to a total of 1.457 billion shares valued at N13.803 billion that exchanged hands last week in 13,648 deals.

Twenty-six equities appreciated in price during the week, lower than 27 equities of the preceding week. Twenty-seven equities depreciated in price, lower than 41 equities of the previous week, while 137 equities remained unchanged, higher than 122 equities recorded in the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 652.872 million shares valued at N3.583 billion traded in 5,226 deals; thus contributing 87.86% and 54.36% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 30,540 million shares worth N2,080 billion in 1,332 deals. The third place was occupied by the Conglomerates Industry with a turnover of 29.052 million shares worth N154.209 million in 483 deals.

Trading in the Top Three Equities this week were Wema Bank Plc, Guaranty Trust Bank Plc and FBN Holdings Plc. (measured by volume) accounted for 335.820 million shares worth N2.159 billion in 1,516 deals, contributing 45.19% and 32.76% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 721 units of Exchange Traded Products (ETPs) valued at N250,859.50 executed in 19 deals, compared with a total of 6,372 units valued at N445,625.60 transacted last week in 32 deals.