Stocks Appreciate 0.90%, as Benchmark index Closes Week 25, 746.52 Basis Points

L – R: Shows Mrs. Chinelo Chukwuma-Onwujei, Ag. Head, Human Resources, NSE; Damilola Emiola, NSE Graduate Training (GT) Class of 2017; Adeolu Towolawi, GT, Class of 2017; Jenny Aigbike, GT, Class of 2017; Joshua Abhulimhen, GT, Class of 2017; Oscar Onyema CEO, NSE; Adeoluwa Oni, GT, Class of 2017 Governor; Pai Gamde, Ag. Head, Corporate Services Division, NSE; Ayodele Okeniyi, GT, Class of 2017; Omosigho Otarigho, GT, Class of 2017; Adedotun Ogunbiyi, GT, Class of 2017; Luke Ofojebe, GT, Class of 2017; Abimbola Akindolire, GT, Class of 2017 and Boma Sylvester, NSE GTP Coordinator at The NSE Graduate Trainee Programme, Class of 2017 Closing Gong Ceremony on Friday.

By InvestAdvocate

Click here to download NSE’s Weekly Stock Market Report for April 7, 2017

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) and market capitalisation appreciated by 0.90 percent to close the week at 25,746.52 and N8.909 trillion respectively.

The NSE’s weekly stock market report says that all other Indices finished higher during the week with the exception of the NSE Banking Index which depreciated by 0.20 percent while the NSE ASeM Index closed flat.

At the close of the week’s trading on the Nigerian bourse, a total turnover of 786.176 million shares worth N5.828 billion in 14,343 deals were traded this week by investors compared to a total of 3.195 billion shares valued at N104.217 billion that exchanged hands last week in 14,674 deals.

The NSE reports that the Financial Services Industry measured by volume led the activity chart with 557.911 million shares valued at N2.669 billion traded in 7,340 deals; thus contributing 70.97 percent and 45.79 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 70.255 million shares worth N1.556 billion in 2,698 deals. The third place was occupied by Services Industry with a turnover of 50.558 million shares worth N70.773 million in 754 deals.

According to the NSE, trading in the Top Three Equities namely – Fidelity Bank Plc, FBN Holdings Plc and Zenith International Bank Plc measured by volume accounted for 292.363 million shares worth N1.128 billion in 2,485 deals, contributing 37.18 percent and 19.35 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,510 units of Exchange Traded Products (ETPs) valued at N4,113.20  executed in 3 deals compared with a total of 52,885  units valued at N425,464.25   transacted last week in 19 deals.

A total of 11,064 units of Federal Government Bonds valued at N10.256million were traded this week in 21 deals, compared with a total of 2,870 units valued at N2.638million transacted last week in 7 deals.

A summary of price changes in the week under review shows that 36 equities gained in price during the week, same as the previous week. On the flipside, 22 equities lost in price; lower than 24 of the previous week, while 119 equities remained unchanged higher than 117 recorded in the preceding week, the NSE reports in its weekly update.