Connect with us


Investors’ fortunes soar by 50% as stock market closes on impressive note



Nigeria Stock Exchange

It was another brief trading week as the Federal Government of Nigeria declared Monday, 28th December 2020, and Friday, 1st January 2021 as Public Holidays to celebrate Boxing day and the New Year respectively.

From a negative return of 14.60 percent in 2019, the All-Share Index (ASI) which stood at 26,842.07 basis points at the beginning of the year closed at 40,270.76 points as of December 31, 2020, representing 50.03 percent growth.

Meanwhile, a total turnover of 1.806 billion shares worth N25.966 billion in 14,634 deals were traded last week of the year, 2020 by investors on the floor of the Exchange, in contrast to a total of 2.756 billion shares valued at N40.311 billion that exchanged hands last week in 17,459 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.266 billion shares valued at N7.630 billion traded in 7,251 deals; thus contributing 70.07% and 29.38% to the total equity turnover volume and value respectively.

 The Oil and Gas Industry followed with 193.541 million shares worth N783.214 million in 1,093 deals. The third place was Consumer Goods Industry, with a turnover of 117.755 million shares worth N1.050 billion in 2,116 deals.

 Trading in the top three equities namely AIICO Insurance Plc, Access Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 763.173 million shares worth N3.029 billion in 1,764 deals, contributing 42.25% and 11.67% to the total equity turnover volume and value respectively.

A total of 26,141 units valued at N185.334 million were traded this week in 35 deals compared with a total of 645,669 units valued at N2.009 billion transacted last week in 33 deals.

ALSO READ  IIM-Africa, NiNAS sign MoU on accreditation, training of Data and Information Managers

A total of 5,218 units valued at N5.773 million were traded this week in 12 deals compared with a total of 488 units valued at N499,807.41 transacted last week in 11 deals.