Nigerian Bourse traded only for three days last week in observance of the public holidays declared by the Federal Government of Nigeria to mark the Eid-El-Kabir celebrations.
At the close of trade for last week, the market closed on a positive note as the NSE All-Share Index and Market Capitalisation both appreciated by 1.09% to close the week at 24,693.73 points and N12.882 trillion respectively.
An aggregate of 421.984 million units of shares valued N5.337 billion in 11,801 deals were traded by investors on the floor of the Exchange, in contrast to a total of 1.350 billion shares valued at N14.433 billion that exchanged hands in 16,723 deals the previous week.
The Financial Services industry (measured by volume) led the activity chart with 249.588 million shares valued at N1.563 billion traded in 5,899 deals; thus contributing 59.15% and 29.29% to the total equity turnover volume and value respectively. The Consumer Goods industry followed with 51.760 million shares worth N1.072 billion in 1,877 deals. The third place was the Industrial Goods industry, with a turnover of 46.197 million shares worth N833.473 million in 1,489 deals.
Trading in the top three equities namely WAPCO, FBN Holdings and Mutual Benefit Assurance (measured by volume) accounted for 110.114 million shares worth N685.942 million in 1,587 deals, contributing 26.09% and 12.85% to the total equity turnover volume and value respectively.
All other indices finished higher with the exception of NSE ASeM, NSE Consumer Goods and NSE Oil/Gas Indices which depreciated by 0.06%, 0.44% and 6.51% respectively.
Twenty-four (24) equities appreciated in price last week, lower than twenty-eight (28) equities in the previous week. Twenty-eight (28) equities depreciated in price, higher than twenty-five (25) equities in the previous week, while one hundred and eleven (111) equities remained unchanged, higher than one hundred and ten (110) equities recorded in the previous week.