Nigerian Stocks ended the week bullish cumulatively. The All-Share Index and Market Capitalization appreciated by 2.19 per cent to close the week at 34,885.51 and N18.228 trillion respectively.
On the other hand, the investors gained N390.26 billion. A total turnover of 1.816 billion shares worth N25.791 billion in 31,665 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 11.400 billion shares valued at N35.892 billion that exchanged hands the previous week in 39,265 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.274 billion shares valued at N14.710 billion, traded in 18,392 deals; thus, contributing 70.15% and 57.04% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 217.170 million shares worth N231.809 million in 1,226 deals. The third place was the Consumer Goods Industry, with a turnover of 113.760 million shares worth N2.598 billion in 4,568 deals.
Trading in the top three equities namely Zenith Bank Plc, Transnational Corporation of Nigeria Plc, and Access Bank Plc (measured by volume) accounted for 649.529 million shares worth N8.104 billion in 6,395 deals, contributing 35.76% and 31.42% to the total equity turnover volume and value respectively.
Nairametrics reports that 27 equities appreciated at price during the week, higher than twenty-one (21) equities in the previous week. Forty-three equities depreciated in price, lower than 55 equities in the previous week. Ninety-one equities remained unchanged, higher than 85 recorded in the previous week.
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