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NSE Index appreciated by 6.39% as investors gain N24 billion




The NSE All-Share Index and Market Capitalization appreciated by 6.39% to close the week at 30,530.69 and N15.958 trillion respectively.

It was a four-day trading week as the Federal Government of Nigeria declared Thursday, 29th October as a public holiday to commemorate Eid-el-Maulud.

Meanwhile, a total turnover of 1.909 billion shares worth N23.610 billion in 23,578 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.505 billion shares valued at N19.668 billion that exchanged hands last week in 20,552 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.478 billion shares valued at N15.576 billion traded in 12,546 deals; thus contributing 77.41% and 65.97% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 131.788 million shares worth N2.613 billion in 4,112 deals.

The third place was the Industrial Goods, with a turnover of 83.526 million shares worth N3.573 billion in 1,818 deals.

Trading in the top three equities namely FBN Holding Plc, Zenith Bank Plc and Access Bank Plc (measured by volume) accounted for 576.514 million shares worth N6.791 billion in 4,652 deals, contributing 30.19% and 28.76% to the total equity turnover volume and value respectively.

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