Market Cap recover 1.33% this week with Equity Assurance

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization appreciated by 1.33% to close the week at 23,826.50 and N8.194 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of the NSE Insurance Index, NSE Oil and Gas, NSE Lotus II and NSE Industrial Goods Index that declined by -0.23%, -5.19%, -2.66% and -3.52% respectively, while NSE ASeM Index closed flat.

A turnover of 2.177 billion shares worth N10.753 billion in 21,471 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.459 billion shares valued at N14.165 billion that exchanged hands last week in 15,164 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.906 billion shares valued at N6.132 billion traded in 13,687 deals; thus contributing 87.57% and 57.03% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 97.545 million shares worth N261.502 million in 959 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 94.738 million shares worth N3.122 billion in 3,531 deals.

Trading in the Top Three Equities namely – Equity Assurance Plc, FCMB Group Plc and Zenith International Bank Plc (measured by volume) accounted for 1.126 billion shares worth N2.325 billion in 3,544 deals, contributing 51.75% and 21.62% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 33,808 units of Exchange Traded Products (ETPs) valued at N437,210.58 executed in 33 deals, compared with a total of 3,650 units valued at N1.641 million transacted last week in 40 deals.

A total of 1,000 units of Federal Government Bonds valued at N1.157 million were traded in 4 deals, compared with a total of 275 units valued at N317,435.84 transacted last week in 3 deals.

Thirty-three equities appreciated in price during the week, higher than seven equities of the previous week. Thirty-two equities depreciated in price, lower than 56 equities of the previous week, while 125 equities remained unchanged, lower than 127 equities recorded in the previous week.