The management of the trading floor of the Nigerian Stock Exchange (NSE) in the trading data released over the weekend shown that NSE All-Share Index appreciated by 2.28% to close the week at 34,020.37 while Market Capitalization stood at N11.725 trillion respectively.
Market recorded a total turnover of 3.628 billion shares worth N34.886 billion in 19,834 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.272 billion shares valued at N13.993 billion that exchanged hands last week in 19,385 deals.
The Financial Services Industry (measured by volume) led the activity chart with 3.393 billion shares valued at N28.711 billion traded in 11,237 deals; thus contributing 93.55% and 82.30% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 79.473 million shares worth N3.418 billion in 3,101 deals. The third place was occupied by Conglomerates Industry with a turnover of 70.175 million shares worth N113.486 million in 872 deals.
The trading floor also reported the top three equities traded higher in volume as United Bank for Africa Plc, Continental Reinsurance Plc and Niger Insurance Plc which accounted for 2.515 billion shares worth N20.825 billion in 1,191 deals, contributing 69.33% and 59.69% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 40 units of Exchange Traded Products (ETPs) valued at N493.60 executed in 4 deals compared with a total of 25,540 units valued at N2.646 million transacted last week in 10 deals.
The traded data also showed a total of 13,465 units of Federal Government Bonds valued at N14.486 million were traded this week in 10 deals, compared with a total of 2,977 units valued at N2.946 million transacted last week in 11 deals. Meanwhile a total volume of 300,000 units of 5.625% FGN JUN 2022, $300 million Diaspora Bond were admitted to trade at the Exchange on Thursday, July 20, 2017.
Inclusion Thirty-six (36) equities depreciated in price during the week, lower than forty–eight (48) equities of the previous week. Also Thirty-three (33) equities depreciated in price, lower than twenty-seven (27) equities of the previous week, while one hundred and two (102) equities remained unchanged higher than ninety- seven (97) equities recorded in the preceding week.