Trading activities on the floor of the Nigerian Stock Exchange (NSE) on Friday closed in bullish trend as the All Share index grew by380.98 points.
Specifically, the NSE All-Share Index rose by 0.99 per cent to 38,712.76 points from 38,331.78 recorded the previous week. The market capitalization of listed equitiesappreciated by N123 billion to N12.435 trillion from N12.312 trillion traded preceding week.
All the NSE Indices appreciated during the week with exception of the NSE Industrial Goods Index which fell by 42.36 points to 2535.16.
The NSE 30 Index gained 28.92 to close at 1,742.82, NSE Banking index grow by 19.02 points to 385.29, NSE Insurance rose by 1.43 to close at 137.11, the consumer goods index enhanced by 19.19 points to 973.75, NSE oil and Gas increased by 16.95 points to close at 302.15, NSE Lotus II Improved by 17.08 to close at 2,769.78 while the NSE ASeM closed flat at 952.29 points.
Investors for the week exchanged a turnover of 1.937 billion shares worth N21.264 billion in 21,641 deals in contrast to a total of 1.870 billion shares valued at N26.811 billion that exchanged hands last week in 21,632 deals.
The financial services Industry led the activity
chart in volume terms with account of 1.683 billion shares valued at N12.689 billion traded in 12,631 deals, representing a surge of 86.88 per cent and 59.67 per cent to the total equity turnover volume and value respectively.
The Consumer goods sector followed with a turnover of 74.112 million shares worth N5.325 billion in 3,439 deals while the Conglomerates Industry took third position, accounting for 63.863 million shares worth N576.140 million in 1,167 deals.
Trading in the top three equities namely- Sterling Bank Plc, Guaranty Trust Bank Plc and Access Bank Plc accounted for 751.520 million shares worth N6.282 billion in 3,500 deals, contributing 38.80 per cent and 29.54 per cent to the total equity turnover volume and value respectively.
An analysis of the transactions showed that 32 equities appreciated in prices during the week against 39 stocks of the receding week.
The weekly report showed that 41 companies depreciated in prices lower than 36 recorded in the preceding week, while 125 equities remained unchanged.
UACN Property DevelopmentCompany Plc led the gainers table in per centage terms, growing by 20.38 per cent or N4.26 kobo to close at N25.16 kobo, NPF Micro Finance Bank Plc 19.23 per cent or N0.15 kobo to close at N0.93 kobo while Oasis Insurance grew by 16 per cent or N0.08 kobo to close at N0.58 kobo.
Other stocks that appreciated in price were Forte Oil Plc 15.43 per cent, Custodian and Allied Plc 11.44 per cent, GTBank 10.11 per cent, University Press Plc 9.50 per cent, International Breweries Plc 9.13 per cent, Flour Mills Nigeria Plc 8.46 per cent and Nestle Foods Nigeria Plc 7.08 per cent.
