NSE Index up 3.44% last week as banking stocks emerge most traded

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8 years ago

The Nigerian Equities market recorded a positive close for the third consecutive week. However last week which ended with a growth of 3.44 percent in lead market indicators, had only four trading days due to the Federal Government of Nigeria declaring Monday, 12 December, 2016 as a public holiday.

The NSE All-Share Index and Market Capitalization closed at 26,707.10 points and N9.189 trillion respectively, having grown in the course of the week by 889.41 points and N306 billion respectively.

Summarily, 40 equities appreciated in price during the week, higher than 27 equities of the previous week. Nineteen equities depreciated in price, lower than 36 equities of the previous week, while 116 equities remained unchanged higher than 112 equities recorded in the preceding week.

A turnover of 1.656 billion shares worth N12.580 billion in 12,860 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 894.759 million shares valued at N10.629 billion that exchanged hands last week in 13,418 deals.

The Financial Services Industry led the activity chart by volume with 1.504 billion shares valued at N6.183 billion traded in 7,311 deals; thus contributing 90.82 per cent and 49.15 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 51.395 million shares worth N4.753 billion in 2,027 deals. The third place was occupied by the Conglomerates Industry with a turnover of 46.282 million shares worth N52.408 million in 553 deals.

Trading in the Top Three Equities by volume were Union Bank Nigeria Plc, United Bank For Africa Plc and FCMB Group Plc. They accounted for 865.701 million shares worth N3.370 billion in 999 deals, contributing 52.26 per cent and 26.79 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 2.439 million units of Exchange Traded Products (ETPs) valued at N18.276 million executed in 15 deals, compared with a total of 2,850 units valued at N355,162.85 transacted last week in 21 deals.

Federal Government Bonds totalling 411 units and valued at N428,995.77 were traded last week in 1 deal, as the NSE recorded no bond traded in the preceding week.