NSE: Key indices appreciate by 2.17% to end trading week

The Nigerian Stock Exchange (NSE) ended the trading week with a 2.17% increase on key market indices.

 

Major market indicators, the NSE All-Share Index and Market Capitalization appreciated by 2.17% to close the week at 39,216.20  and N20.518 trillion respectively.

 

All other indices finished higher with the exception of NSE MERI Value and NSE Sovereign Bond Indices, which declined by 1.54% and 0.13% while the NSE ASeM, NSE AFR Div Yield and NSE Growth Indices closed flat.

 

Equities 

At the end of business, market sentiment when measured by breath was  positive as 48 equities appreciated in price during the week, higher than 33 equities in the previous week.

 

Stanbic IBTC Holdings Plc led the advancers’ chart with a 30.00 percent increase on its share price to close at N52.00.

 

Julius Berger Nigeria Plc followed with a 20.88 percent increase on its share price  to close at N20.55 kobo, while Guinness Nigeria Plc had 18.58 per cent increase on its share price to close at N30.00.

 

On the flipside, 18 equities depreciated in price, lower 25 equities in the previous week.

 

Livestock Feeds Plc led the table with 15.46 per cent decrease on its share price to close at N1.75 kobo.

 

Champion Breweries Plc followed with a loss of 13.11 percent on its share price to close at N2.12 kobo, while Japaul Gold & Ventures Plc had a loss of 12.24 per cent to close at N0.43 kobo per share.

 

However, 96 equities remained unchanged, lower than one hundred and four 104 equities recorded in the previous week.

 

Volume 

A total turnover of 1.530 billion shares worth N21.311 billion were traded in 20,016 deals this week by investors on the floor of the Exchange, in contrast to a total of 2.342 billion shares valued at N19.272 billion that exchanged hands last week in 20,173 deals.

 

The Financial Services Industry (measured by volume) led the activity chart with 1.096 billion shares valued at N12.294 billion traded in 11,106 deals; thus contributing 71.67% and 57.69% to the total equity turnover volume and value respectively.

 

The Consumer Goods Industry followed with 177.673 million shares worth N3.577 billion in 3,139 deals.

 

The third place was Conglomerates Industry, with a turnover of 99.609 million shares worth N216.997 million in 856 deals.

 

Trading in the top three equities namely Union Bank Nigeria Plc, Guaranty Trust Bank Plc and Dangote Sugar Refinery Plc  accounted for 687.616 million shares worth N9.496 billion in 3,022 deals, contributing 44.95% and 44.56% to the total equity turnover volume and value respectively.