Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation.
The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased by 0.55%. All other indices finished lower with the exception of the NGX 30, NGX CG, NGX Premium, NGX MERI Value, NGX Oil/Gas, NGX Lotus II and NGX Industrial Goods index which appreciated at 0.84%, 0.01%, 1.42%, 0.32%, 0.68%, 1.62% and 0.25% while the NGX Asem index closed flat.
A total turnover of 1.831 billion shares worth N19.494bn in 21,723 deals were traded by investors on the floor of the Exchange. The financial services industry led the activity chart with 1.173 billion shares valued at N12.485bn traded in 10,657 deals; thus contributing 64.07 % and 64.04% to the total equity turnover volume and value respectively. The conglomerate’s industry followed with 419.100 million shares worth N607.703m in 1,095 deals. The third place was the Consumer Goods Industry, with a turnover of 69.680 million shares worth N2.754bn in 3,158 deals.
There were 2,906 transactions totaling 1.136 billion shares worth N8.323 billion in the top three stocks, FBN Holdings Plc, Transnational Corporation Plc, and United Bank for Africa Plc. Contributing 62.08% and 42.70% to the total equity turnover volume and value respectively.
Twenty-nine equities appreciated in price during the week, lower than 36 equities in the previous week. 36 equities depreciated in price, lower than 45 equities in the previous week, while ninety-one 91 equities remained unchanged higher than 75 equities recorded in the previous week.