Equity Market Gains N1.83tn

The Nigerian equity market recorded a gain of N1.83tn last week as the All-Share Index and Market Capitalisation appreciated by two per cent and 2.78 per cent to close at 108,053.95 points and N67.418tn respectively.

A total turnover of 2.414 billion shares worth N55.512bn in 80,988 deals was traded by investors on the floor of the Exchange, compared to 3.051 billion shares valued at N98.350bn that exchanged hands in the previous week in 72,535 deals.

The Financial Services Industry led the activity chart with 1.398 billion shares valued at N24.039bn traded in 31,919 deals, contributing 57.92 per cent and 43.30 per cent to the total equity turnover volume and value respectively.

The Services Industry followed with 247.303 million shares worth N1.165bn in 6,277 deals, while the Consumer Goods Industry recorded a turnover of 153.776 million shares valued at N3.939bn in 8,405 deals.

Trading in the top three equities, Sterling Financial Holdings Company Plc, Access Holdings Plc, and Secure Electronic Technology Plc accounted for 455.469 million shares worth N5.273bn in 6,654 deals, contributing 18.87 per cent and 9.50 per cent to the total equity turnover volume and value respectively.

A total of 48,850 units valued at N19.310m were traded this week in 95 deals compared to 53,950 units valued at N5.104m transacted last week in 58 deals. Additionally, 77,290 units worth N70.809m were traded in 47 deals compared to 37,219 units valued at N28.751m in 42 deals the previous week.

Additionally, 65 equities appreciated in price last week, higher than the 58 recorded in the previous week. 31 equities depreciated, compared to 34 the previous week, while 54 equities remained unchanged, lower than 58 recorded last week.