NSE: Indices rise by 0.99%


TRANSACTIONS at the Nigerian Stock Exchange (NSE) closed upbeat on the heels persistent losses as major performance indicators recorded appreciable gains on Friday.
Consequently, the All-Share Index rallied 0.99 per cent appreciation to close at 38,712.76 while market capitalisation rose to N12.435 trillion.
All the NSE Indices appreciated during the week with the exception of the NSE Industrial Goods Index, while the NSE ASeM closed flat.
Activities in the week recorded a total turnover of 1.937 billion shares worth N21.264 billion in 21,641 deals traded by investors 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 (measured by volume) led the activity chart with 1.683 billion shares valued at N12.689 billion traded in 12,631 deals; thus contributing 86.88% and 59.67 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with a turnover of 74.112 million shares worth N5.325 billion in 3,439 deals.

The third place was occupied by the Conglomerates Industry with 63.863 million shares worth N576.140 million in 1,167 deals.
Also traded during the week were a total of 86,775 units of Exchange Traded Products (ETPs) valued at N2.210 million executed in 30 deals compared with a total of 284,750 units of valued at N5.889 million transacted last week in 27 deals. (See summary in the table below).
Similarly, 900 units of FGN bonds valued at N936, 348.16 were traded this week in 9 deals compared with a total of 100 units of FGN bonds valued at N N109, 155.39 transacted last week in 1 deal.
Thirty-two (32) equities appreciated in prices during the week lower than Thirty-nine (39) equities of the preceding week. Forty-one (41) equities depreciated in prices lower than Thirty-six (36) equities of the preceding week, while one hundred and twenty five (125) equities remained unchanged.
UACN Property Development Company Plc led the league of thirty-two gainers with N4.26 (20.380 percent gains to close at N25.16 per share. Nigerian Police Force Micro Bank Plc followed with N0.15 (19.23) per cent gain to close at N0.93 per share, while Oasis Insurance Plc ranked third gaining N0.08 (16.00) per cent to close at N0.58 per share among other gainers.
On the other, Fidelity Bank Plc led losers with N0.29 decline (12.95) per cent to close at N1.95 per share, while CAP Plc followed with a loss N4.66 (11.66) per cent to close at N35.96 per share, among other losers.

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