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NSE index appreciates by 5.30% as investors gain N747 billion

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Nigerian Stock Exchange

The Nigerian Stock Exchange (NSE) all-share index and market capitalization both appreciated by 5.30% to close the week at 28,415.31 and N14.852 trillion respectively.

A total turnover of 3.140 billion shares worth N35.372 billion in 35,099 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.532 billion shares valued at N16.901 billion that exchanged hands last week in 17,882 deals.

The Financial Services industry (measured by volume) led the activity chart with 2.325 billion shares valued at N25.816 billion traded in 21,306 deals; thus contributing 74.05% and 72.99% to the total equity turnover volume and value respectively.

 The Oil and Gas industry followed with 200.567 million shares worth N1.012 billion in 1,977 deals. The third place was the

Industrial Goods industry, with a turnover of 149.200 million shares worth N3.631 billion in 2,991 deals.

Trading in the top three equities namely Zenith Bank Plc, FBN Holdings Plc and United Bank for Africa Plc. (measured by volume) accounted for 1.236 billion shares worth N15.724 billion in 9,774 deals, contributing 39.36% and 44.45% to the total equity turnover volume and value respectively.

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