Nigerian Stock Exchange Gains N150bn this Week

• Nigerian Stock Exchange Gains N150bn this Week

The Nigerian Stock Exchange (NSE) maintained positive sentiment throughout the four trading days this week as the Federal Government declared Friday 10th April 2020 (Good Frida) and Monday 13th April 2019 (Easter Monday) Public Holidays.

Activity level was broadly positive as 2.440 billion shares valued at N19.932 billion were traded in 18,918 deals against a total of 1.534 billion shares worth N11.267 billion that were traded last week in 18,928 transactions.

The financial services sector was the most traded by volume with 2.182 billion shares valued at N11.107 billion and traded in 11,322 transactions. This was followed by industrial goods with 102.769 million shares valued at N3.633 billion in 2,483 transactions.

The consumer goods industry came third with a turnover of 51.075 million shares valued at N3.578 billion in 1,924 transactions.

Omoluabi Mortgage Bank Plc, Guaranty Trust Bank Plc and FBN Holdings Plc led the most traded stocks by volume, accounting for a combined 1.702 billion shares valued at N8.033 billion but traded in 4,443 deals.

The NSE All-Share Index appreciated by 1.37 percent or 289.41 basis points from 21,094.62bps last week to 21,384.03bps this week. While the market capitalisation of listed equities inched higher by N150 billion from N10.994 trillion recorded last week to close at N11.144 trillion. Bringing the year-to-date return to -20.33 percent.