Nigerian Stock Exchange Appreciates by 7.19% Last Week

• Nigerian Stock Exchange Appreciates by 7.19% Last Week

The Nigerian Stock Exchange (NSE) closed in the green last week as the bourse sustained the previous week’s positive sentiment.

In the four-trading week, investors traded 1.495 billion shares valued at N12.894 billion in 20,982 deals against a total of 2.440 billion shares worth N19.932 billion that were exchanged in 18,918 transactions.

In terms of volume traded, the financial services sector led with 1.238 billion shares valued at N8.424 billion traded in 12,835 deal. The healthcare sector followed with 72.953 million shares worth N386.138 million that were traded in 465 transactions.

In the third place was the consumer goods sector with a turnover of 48.567 million shares valued at N1.904 billion in 2,611 deals.

Top three most traded equities last week were Omoluabi Mortgage Bank Plc, FBN Holdings Plc and Zenith Bank Plc. The three accounted for a combined 755.096 million shares worth N4.584 billion traded 5,758 deals.

The market capitalisation of listed equities rose to N11.946 trillion while the NSE All-share index gained 1,537.56 basis points or 7.19 percent from 21,384.03 bps to 22,921.59 bps.

The year-to-date returned moderated further to -14.61 percent.