Value of Nigerian Stocks Rises to N12.810trn in One Week

NSE market capitalisation stock value

By Dipo Olowookere

The total value of equities listed on the Nigerian Stock Exchange (NSE) as captured by the market capitalisation increased last week by 0.08 percent to close of N12.810 trillion, Business Post reports.

Also, during the week, the All-Share Index (ASI) appreciated by 0.08 percent to close the week at 26,314.49 points, with other indices finishing higher except the NSE premium, NSE ASeM, NSE Consumer Goods, NSE Oil/Gas and NSE Lotus II Indices, which declined by 0.34 percent, 0.18 percent, 5.91 percent, 0.25 percent and 2.63 percent respectively.

Data from the NSE showed that 30 equities appreciated in price during the week, higher than 27 equities in the previous week, while 28 equities went down in price, higher than 18 equities in the previous week, with 108 equities remaining unchanged, lower than 121 equities recorded in the preceding week.

The top five gainers were Law Union (30.95 percent at 55 kobo), Jaiz Bank (18.37 percent at 58 kobo), Access Bank (17.95 percent at N9.20), FCMB (16.25 percent at N1.86) and UBA (13.79 percent at N6.60).

The top five losers during the week were Unilever Nigeria (26.59 percent at N19.60), International Breweries (25.40 percent at N9.40), Fidson (12.50 at N3.50), Presco (9.90 percent at N34.60) and Capital Hotel (9.84 percent at N2.75).

A total turnover of 2.1 billion shares worth N18.4 billion were traded by investors in the week in 16,778 deals, higher than the 1.5 billion shares worth N16.2 billion transacted a week earlier in 15,544 deals.

The activity chart was dominated by stocks in the financial services industry by volume, with 1.8 billion units valued at N12.4 billion executed in 11,116 deals, contributing 88.82 percent and 67.10 percent to the total equity turnover volume and value respectively.

The equities in the industrial goods sector followed with 102.5 million shares worth N2.2 billion in 1,148 deals, while the third place was taken by equities in the consumer goods space with a turnover of 46. 1 million shares worth N1.7 billion transacted in 1,965deals.

Jaiz Bank, Access Bank and Zenith Bank were the most traded stocks by volume during the week, accounting for 1.1 billion shares worth N8.0 billion in 4,492 deals, contributing 54.18 percent and 43.50 percent to the total equity turnover volume and value respectively.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

more recommended stories

%d bloggers like this: