NSE ends on a bullish trend amid equities depreciation


Up by 1.17% in one week

By Motolani Oseni

Equities market of the Nigerian Stock Exchange (NSE) ended the week on a bullish trend, even as 19 equities depreciated in price, lower than 36 recorded in the previous week.

In fact, the All-Share Index and Market Capitalization of The Exchange appreciated by 1.17 per cent to close the week at 25,605.64 and N13.358 trillion respectively.

All other indices finished higher with the exception of NSE ASeM Index which depreciated by 1.63 per cent.

For instance, a total of 41 equities appreciated in price during the week, higher than 29 in the previous week, while 103 equities remained unchanged, higher than 98 recorded in the previous week.

Also, a total turnover of 2.209 billion shares worth N10.957 billion in 18,013 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 1.072 billion shares valued at N7.384 billion that exchanged hands last week in 16,684 deals.

The Construction/Real Estate industry (measured by volume) led the activity chart with 954.529 million shares valued at N681.392 million traded in 218 deals; thus contributing 43.21% and 6.22 per cent to the total equity turnover volume and value respectively.

The Financial Services industry followed with 889.888 million shares worth N6.538 billion in 10,107 deals.

The third place was the conglomerates industry, with a turnover of 209.437 million shares worth N579.990 million in 677 deals.

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Trading in the top three equities namely UACN- Property Development Company Plc, Zenith Bank Plc and LASACO Assurance Plc. (measured by volume) accounted for 1.229 billion shares worth N3.243 billion in 2,148 deals, contributing 55.61 per cent and 29.60 per cent to the total equity turnover volume and value respectively.

A total of 126,119 units of ETFs valued at N655.919 million were traded this week in 36 deals, compared with a total of 107,424 units valued at N520.306 million transacted last week in 18 deals.

Bonds traded 1,016 units valued at N1.099 million in 8 deals compared with a total of 8,285 units valued at N10.658 million transacted last week in 15 deals.

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