How the stock market performed this week

African Alliance Stockbrokers

A total turnover of 765.656 million shares worth NGN9.71 billion in 12,468 deals were traded this week by investors on the floor of the Exchange

In contrast to a total of 1.073 billion shares valued at NGN8.60 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 NGN3.47 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 NGN3.47 billion in 2,572 deals. The third place was occupied by Conglomerates Industry with a turnover of 48.961 million shares worth NGN229.41 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 NGN1.86 billion in 2,438 deals, contributing 36.64% and 19.22% to the total equity turnover volume and value respectively.

There were no trades in Exchange Traded Products this week compared with a total of 15.400 million units valued at NGN198.47 million transacted last week in 9 deals.A total of 24,850 units of Federal Government Bonds valued at NGN20.53 million were traded this week in 6 deals, compared with a total of 10,673 units valued at NGN10.47 million transacted last week in 10 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.34% to close the week at 25,250.37 and NGN8.739 trillion. 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%, 0.79%, 0.79%, 2.50%, 2.82%, 2.83% and 1.18% respectively.

18 equities appreciated in price during the week, lower than 29 equities of the previous week.34 equities depreciated in price, higher 25 equities of the previous week, while 125 equities remained unchanged higher than 123 equities recorded in the preceding week.

Top price Gainers-Nigerian Breweries Plc , Guinness Nigeria Plc, Npf Micro Finance Bank Plc, Beta Glass Company (Nig.) Plc, Custodian And Allied Plc , Berger Paints Nigeria Plc , Axamansard Insurance Plc , P. Z. Industries Plc, Stanbic Ibtc Holdings Plc , Caverton Offshore Support Grp Plc.

Top price Decliner-Unilever Nigeria Plc, Forte Oil Plc, Vitafoam Nigeria Plc , Uac Of Nigeria Plc , Honeywell Flour Mill Plc , The Initiates Plc, Aiico Insurance Plc , Africa Prudential Registrars Plc , Dangote Flour Mills Plc, Lafarge Africa Plc .

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