The Nigerian equity market traded only for four days this week as the Federal Government of Nigeria declared Friday 25th of December, 2020 as Public Holiday in commemoration of the Christmas Celebration.
The All Share Index and Market Capitalization appreciated by 5.42% to close the week at 38,800.01 and N20.279 trillion respectively.
All other indices finished higher with the exception of NSE Banking, AFR Bank Value, AFR Div Yield and MERI Growth which depreciated by 1.03%, 0.95%, 0.31% and 0.80% while the NSE ASeM and NSE Growth Indices closed flat.
An aggregate of 2.756 billion shares worth N40.311 billion in 17,459 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.893 billion shares valued at N17.647 billion that exchanged hands last week in 20,660 deals.
The Financial Services Industry led the activity chart with 2.106 billion shares valued at N19.454 billion traded in 8,327 deals; thus contributing 76.40% and 48.26% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 182.099 million shares worth N4.392 billion in 2,485 deals. The third place was Industrial Goods Industry, with a turnover of 145.808 million shares worth N10.632 billion in 2,587 deals.
Trading in the top three equities namely Access Bank Plc, Zenith Bank Plc and AXA Mansard Insurance Plc accounted for 1.439 billion shares worth N13.881 billion in 2,972 deals, contributing 52.23% and 34.44% to the total equity turnover volume and value respectively.
Thirty- five (35) equities appreciated in price during the week, lower than fifty-three (53) equities in the previous week. Eighteen (18) equities depreciated in price, higher than seventeen (17) equities in the previous week, while one hundred and eight (108) equities remained unchanged, higher than ninety-one (91) recorded in the previous week.