Investors Gain N230bn As Stock Market Rises Further
Investors gained N230bn last week as the Nigerian stock market saw more equities record price appreciation.
The Nigerian Exchange Limited All-Share Index and market capitalisation appreciated by 1.11 per cent to close the week at 39,156.28 and N20.41tn respectively.
All other indices finished higher with the exception of NGX Insurance, NGX ASeM and NGX Sovereign Bond, which depreciated by 4.12 per cent, 2.00 per cent and 1.45 per cent respectively, while the NGX Growth Index closed flat.
A total turnover of 1.06 billion shares worth N12.8bn in 17,854 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.08 billion shares valued at N9.55bn that exchanged hands in 17,933 deals the previous week.
The financial services industry (measured by volume) led the activity chart with 714.677 million shares valued at N5.95bn traded in 9,718 deals, thus contributing 67.53 per cent and 46.38 per cent to the total equity turnover volume and value respectively.
The consumer goods industry followed with 97.18 million shares worth N3.29bn in 3,006 deals.
The third place was occupied by the ICT industry, with a turnover of 75.99 million shares worth N583.72m in 679 deals.
Trading in the top three equities, namely Zenith Bank Plc, Sterling Bank Plc and Fidelity Bank Plc (measured by volume), accounted for 261.34 million shares worth N2.71bn in 2,862 deals, contributing 24.70 per cent and 21.13 per cent to the total equity turnover volume and value respectively.
Thirty-five equities appreciated in price during the week as against 33 in the previous week; 36 equities depreciated as against 33 equities in the previous week, while 89 equities remained unchanged as against 94 in the previous week.
A total of 5,335 units of bonds valued at N5.35m were traded last week in 10 deals, compared with a total of 91,560 units valued at N96.35m transacted last week in 30 deals.
A total of 1,026 units of exchange-traded products valued at N160,140.75 were traded last week in eight deals, compared with a total of 706 units valued at N5.13m transacted in six deals in the previous week.