Market Capitalization close the week stronger, gaining 2.92%

The NSE All-Share Index and Market Capitalization appreciated by 2.88 per cent and 2.92 per cent to close the week at 26,441.03 and N9.099 trillion respectively.

L – R: Mr. Victor Gbolade Osibodu, Chairman, AXAMansard Insurance Plc; Mr. Oscar N. Onyema, CEO, Nigerian Stock Exchange (NSE) and Mr. Jad Ariss, Director/CEO, AXA Middle East & Africa at the Closing Gong Ceremony at the NSE on Friday

Similarly, all other Indices finished higher during the week, with the exception of the NSE Industrial Goods Index that declined by 1.15 per cent.

A total of 54 equities appreciated in price during the week, higher than 40 equities of the previous week. 17 equities depreciated in price, lower than 25 equities of the previous week, while 118 equities remained unchanged lower than 124 equities of the previous week

A turnover of 1.826 billion shares worth N14.468 billion in 20,058 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 910.659 million shares valued at N6.409 billion that exchanged hands last week in 15,023 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.471 billion shares valued at N10.686 billion traded in 11,038 deals; thus contributing 80.58 per cent and 73.86 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 187.026 million shares worth N313.287 million in 1,545 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 74.728 million shares worth N2.054 billion in 3,633 deals.

Trading in the top-three equities namely – Ecobank Transnational Inc. Plc, Access Bank Plc and FBN Holdings Plc. (measured by volume) accounted for 682.553 million shares worth N6.787 billion in 2,916 deals, contributing 37.38 per cent and 46.91 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 382,448 units of Exchange Traded Products (ETPs) valued at N10.288 million  executed in 43 deals, compared with a total of 6,837 units valued at N16.316 million  transacted last week in  25  deals.

A total of 8,033 units of Federal Government Bonds valued at N8.923 million were traded in 6 deals  compared to a total of 23,903 units of Federal Government valued at N28.385 million transacted last week in 7 deals.