WorldStage Newsonline-- All-Share Index rose by 0.24 per cent this week to close at 38,831.59 on the floor of the Nigerian Stock Exchange, while the market capitalization appreciated by 0.29 per cent to close at N12.427 trillion.
Five of the NSE indices appreciated during the week: the NSE 30, NSE Banking, NSE Insurance, NSE Oil/Gas, and NSE Industrial Goods indices rose by 0.09 per cent, 0.02 per cent, 1.29 per cent, 0.40 per cent and 3.25 per cent respectively. However, the NSE Consumer Goods and NSE Lotus II indices slipped by 1.55 per cent and 0.19 per cent respectively while the NSE ASeM index closed flat
At the close of transactions this week a turnover of 2.767 billion shares worth N18.671 billion in 24,007 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 2.266 billion shares valued at N19.008 billion that exchanged hands last week in 25,853 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.894 billion shares valued at N8.828 billion traded in 12,359 deals; thus contributing 68.43% and 47.28 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 310.318 million shares worth N1.528 billion in 2,427 deals; contributing 11.21% and 8.18% to the total equity turnover volume and value respectively. The third place was occupied by the ICT industry with 301.114 million shares worth N803.914 million in 102 deals.
Trading in the top three equities namely, Unity Bank Plc, Transnational Corporation of Nigeria Plc and E-Tranzact International Plc (measured by volume) accounted for 1.504 billion shares worth N2.488 billion in 2,686 deals, contributing 54.35% and 13.33% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 60 units of NewGold Exchange Traded Funds (ETFs) valued at N114,040.00 executed in 2 deals compared with a total of 1,710 units valued at N3.230 million transacted last week in 5 deals.
Similarly, 2,200 units of FGN bonds valued at N2.024 million were this week traded in 2 deals compared with a total of 8,307 units valued at N8.354 million transacted last week in 6 deals.
Twenty-six equities appreciated in prices during the week lower than 50 equities of the preceding week. Fifty one equities depreciated in prices higher than 26 equities of the preceding week, while 120 equities remained unchanged lower than 122 equities of the preceding week.