NSE Index, Market Cap Surge by 0.34% This Week

By Dipo Olowookere

The major stock market indices in the Nigerian Stock Exchange (NSE), the All-Share Index and Market Capitalization appreciated by 0.34 percent this week to close at 25,250.37 points and N8.739 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE Premium, NSE ASeM, NSE Banking, NSE Oil/Gas, NSE Lotus II, NSE Industrial Goods and NSE Pension indices that depreciated by 0.45 percent, 0.79 percent, 0.79 percent, 2.50 percent, 2.82 percent, 2.83 percent and 1.18 percent respectively.

Also, 18 equities appreciated in price during the week, lower than 29 equities of the previous week, while 34 equities depreciated in price, higher than 25 equities of the previous week.

It was observed too that 125 equities remained unchanged higher than 123 equities recorded in the preceding week.

During the week, a total turnover of 765.656 million shares worth N9.717 billion in 12,468 deals were traded by investors on the floor of the NSE in contrast to a total of 1.073 billion shares valued at N8.608 billion that exchanged hands last week in 14,486 deals.

The Financial Services Industry (measured by volume) led the activity chart with 575.290 million shares valued at N3.470 billion traded in 6,738 deals; thus contributing 75.14% and 35.71% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 53.812 million shares worth N3.470 billion in 2,572 deals.

The third place was occupied by Conglomerates Industry with a turnover of 48.961 million shares worth N229.411 million in 622 deals.

Trading in the Top Three Equities namely – Zenith International Bank Plc, AIICO Insurance Plc, and

United Capital Plc (measured by volume) accounted for 280.563 million shares worth N1.867 billion in 2,438 deals, contributing 36.64 percent and 19.22 percent to the total equity turnover volume and value respectively.

Unfortunately during the week under review, there were no trades in Exchange Traded Products (ETP) compared with a total of 15.400 million units valued at N198.477 million transacted last week in 9 deals, but investors transacted a total of 24,850 units of Federal Government Bonds valued at N20.533 million were traded this week in 6 deals, compared with a total of 10,673 units valued at N10.479 million transacted last week in 10 deals.