- Nigerian Stock Investors Gained N695 Billion Last Week
Improved market sentiment boosted the Nigerian Stock Exchange last week as investors gained N695 billion.
The market capitalisation of listed equities rose by N695 billion from N12.441 trillion recorded in the previous week to N13.136 trillion last week.
NSE All-Share Index gained 1333.42 basis points or 5.59 percent from 23,871.33 bps it closed in the previous week to 25,204.75 bps.
Activity level was positive as 1.718 billion shares valued at N18.849 billion were exchanged in 26,367 transactions, higher than the 926.418 million shares worth N9.768 billion that were traded in 20,910 deals a week ago.
A break down of the week activity shows that 331,001,743 units of shares valued at N2,929,331,578 were traded in 5,544 deals on Monday. On Tuesday, a total turnover of 339,756,744 shares worth N3,921,291,339 were exchanged in 4,784 transactions. A turnover of 436,838,465 unit shares valued at N5,410,767,242 were traded in 5,195 deals on Wednesday. On Thursday and Friday 350,765,865 and 259,575,556 units valued at N3,706,029,098 and N2,881,109,187 were traded in 5,239 and 5,605 transactions respectively.
In terms of volume traded, the financial service sector led the activity chart with 1.273 billion shares worth N11.362 billion exchanged in 13,808 transactions during the week. The sector accounted for 74.08 percent and 60.28 percent of the total turnover and value recorded in the week respectively.
The industrial goods followed with a turnover of 102.377 million shares valued at N3.194 billion in 2,956 deals. The healthcare sector came third with 99.620 million shares worth N493.348 million in 1,194 deals.
Zenith Bank led the most traded equities along said Access Bank and FBN Holdings as the three accounted for a combined 673.104 million shares worth N6.803 billion in 5,927 deals. The three equities accounted for 39.18 percent of volume traded and 36.09 percent of value exchanged last week.
