NSE Benchmark Index Gain 1.55% to Close Week ahead of Eid-el-Maulud

L – R: Shows Tony Ibeziako, Ag. Head, Capital Market Division, NSE; Bola Adeeko, Head, Corporate Services Division, NSE; Bruno Bayet, Chief Finance Officer, Lafarge Africa Plc; and Edith Onwuchekwa, Legal Director/Company Secretary, Lafarge Africa Plc during the Closing Gong Ceremony in commemoration of the Facts Behind the Offer presentation at The Exchange on Thursday.

By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index  (NSEASI) and market capitalisation appreciated by 1.55 percent and 1.58 percent to close the week at 37,944.60 and N13.215 trillion respectively.

“Similarly, all other indices finished higher during the week with the exception of the NSE ASeM Index that closed flat,” according to the NSE’s weekly stock market report. 

The update says it was a four-day trading week as the Federal Government of Nigeria declared Friday, 1 December, 2017 as a Public Holiday to mark Eid-el-Maulud celebration.

At the close of the week’s trading on domestic bourse, the NSE recorded a total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals traded by investors on the floor of the Exchange compared to a total of 2.182 billion shares valued at N22.795 billion that exchanged hands last week in 17,019 deals.

The Conglomerates Industry (measured by volume) led the activity chart with 11.396 billion shares valued at N14.534 billion traded in 890 deals; thus contributing 79.94 percent and 41.46 percent to the total equity turnover volume and value respectively. The Financial Services Industry followed with 2.484 billion shares worth N9.797 billion in 9,205 deals. The third place was occupied by Consumer Goods Industry with a turnover of 164.156 million shares worth N8.127 million in 4,405 deals.

According to the update, trading in the Top Three Equities namely – Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Fidelity Bank Plc (measured by volume) accounted for 12.998 billion shares worth N15.494 billion in 1,813 deals, contributing 91.17 percent and 44.20 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,090 units of Exchange Traded Products (ETPs) valued at N14,708.50 executed in 10 deals, compared with a total of 127 units valued at N13,837.30 that was transacted last week in 5 deals.

A total of 21,670 units of Federal Government Bonds valued at N23.125 million were traded this week in 17 deals, compared with a total of 9,024 units valued at N9.485 million transacted last week in 15 deals.

A summary of price changes in teh review week shows that 39 equities gained in price during the week, higher than 36 of the past week. On the contrary, 23 equities depreciated in price, lower than24 posted last week, while 109 equities remained unchanged lower than 111 reported in last week.

Click here to download full PDF copy of report

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