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NSE index rises by 0.72% as investors stake N25.425 billion on stocks

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Nigerian Stock Exchange (NSE)

Investors’ commitment stood at N25.425 billion in a total turnover of 1.675 billion shares in 23,650 deals last week, in contrast to a total of 1.816 billion shares valued at N25.791 billion that exchanged hands the previous week in 31,665 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.72% and 0.75% to close the week at 35,137.99 and N18.365 trillion respectively.

 However, all other indices finished lower with the exception of NSE Main Board, NSE Insurance, NSE ASeM and NSE Oil/Gas which appreciated by 2.61%, 1.56%, 0.19% and 1.71%.

The Financial Services industry (measured by volume) led the activity chart with 1.206 billion shares valued at N12.064 billion traded in 13,534 deals; thus contributing 72.00% and 47.45% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 102.368 million shares worth N3.616 billion in 3,511 deals. The third place was Natural Resources Industry, with a turnover of 86.626 million shares worth N17.492 million in 28 deals.

Trading in the top three equities namely Access Bank Plc, FBN Holding Plc and Zenith Bank Plc (measured by volume) accounted for 475.819 million shares worth N6.144 billion in 4,900 deals, contributing 28.41% and 24.16% to the total equity turnover volume and value respectively.

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