The Nigerian Stock Exchange (NSE) has again appreciated with the All Share Index advancing by 0.38%, ending the trading week.
For this week, the market opened for four trading days, starting from Monday, 30th December 2019, with the exception of Wednesday, 1st January 2020, as the Federal Government of Nigeria declared the day a Public Holiday to mark the New Year celebrations.
The NSE All-Share Index and Market Capitalization appreciated by 2.09% to close the week at 26,968.79 and N13.019 trillion respectively.
All other indices finished higher with the exception of NSE ASeM Index, which closed flat.
The Financial Services industry, when measured by volume, led the activity chart with 1.924 billion shares valued at N10.148 billion traded in 9,287 deals; thus contributing 83.31% and 46.82% to the total equity turnover volume and value respectively.
The Conglomerates industry followed with 188.538 million shares worth N284.531 million in 530 deals. The third place was Industrial Goods industry, with a turnover of 56.007 million shares worth N4.793 billion in 1,304 deals.
Trading in the Top Three Equities namely, Omoluabi Mortgage Bank Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc., when measured by volume, accounted for 1.131 billion shares worth N3.600 billion in 2,249 deals, contributing 48.98% and 16.61% to the total equity turnover volume and value respectively.
A total turnover of 2.309 billion shares worth N21.675 billion in 14,906 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 735.702 million shares valued at N7.132 billion that exchanged hands last week in 7,138 deals.
A total of 4,033 units valued at N4.233 million were traded this week in 26 deals, compared with a total of 14,443 units valued at N3.009 million transacted last week in 19 deals.
A total of 204,300 units of Federal Government Bonds valued at N237.207 million were traded this week in 4 deals, compared with a total of 1.074 million units valued at N1.283 million transacted last week in 24 deals.
SUMMARY OF PRICE CHANGES
Forty-four (44) equities appreciated in price during the week, higher than thirty-one (31) equities in the previous week.
Twenty-four (24) equities depreciated in price, higher than seventeen (17) equities in the previous week, while ninety-seven (97) equities remained unchanged, lower than one hundred and seventeen (117) equities recorded in the preceding week.
Amaka E. Nliam