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NSE index appreciate by 0.86 % as investors gain N128 billion

BY David Oladele

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The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization both appreciated by 0.86 percent to close week-on-week (wow) at 28,659.45 basis points and N14.980 trillion respectively.

Source: NSE

A total turnover of 1.955 billion shares worth N22.978 billion in 22,844 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 3.140 billion shares valued at N35.372 billion that exchanged hands last week in 35,099 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.648 billion shares valued at N18.824 billion traded in 13,050 deals; thus contributing 84.29% and 81.92% to the total equity turnover volume and value respectively.

Source: NSE

The Conglomerates Industry followed with 99.313 million shares worth N87.823 million in 553 deals.

The third place was the Consumer Goods, with a turnover of 60.570 million shares worth N991.189 million in 3,269 deals.

Source: NSE

Trading in the top three equities namely United Bank for Africa Plc, Guaranty Trust Bank Plc and Zenith Bank Plc. (measured by volume) accounted for 885.515 million shares worth N15.881 billion in 6,308 deals, contributing 45.30% and 69.11% to the total equity turnover volume and value respectively.

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