Stock market advances by 0.13% week on week

Despite the civil unrest in the nation, transactions on the floor of the Nigerian Stock Exchange last week closed on a positive note as the All-Share Index and Market Capitalization both appreciated by 0.13% to close the week at 28,697.06 and N14.999 trillion respectively.

An aggregate of 1.505 billion units of shares, valued at N19.668 billion in 20,552 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.955 billion shares valued at N22.978 billion that exchanged hands the previous week in 22,844 deals.

The Financial Services industry led the activity chart with 1.196 billion shares valued at N14.950 billion traded in 11,318 deals; thus contributing 79.47% and 76.01% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 97.167 million shares worth N269.045 million in 516 deals. The third place was the Consumer Goods, with a turnover of 77.588 million shares worth N1.928 billion in 3,461 deals.

Trading in the top three equities namely Guaranty Trust Bank Plc, Access Bank Plc and United Bank for Africa Plc accounted for 633.527 million shares worth N10.006 billion in 3,887 deals, contributing 42.08% and 50.87% to the total equity turnover volume and value respectively.

All other indices finished lower with the exception of NSE-Main Board, NSE 30, NSE MERI Growth and NSE Consumer Goods which appreciated by 0.79%, 0.14%, 0.68% and 2.86% while the NSE ASeM Index closed flat.

Twenty-eight equities appreciated in last week, lower than thirty-five equities in the previous week. Thirty-five equities depreciated in price, higher than twenty three equities in the previous week, while ninety-nine equities remained unchanged, lower than one hundred and four recorded in the previous week.

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