Business

NSE’s ASI further appreciates by 1.55%

By Ebenezer Adaramodu

The major market indicator of the Nigerian Stock Exchange, All-share Index (ASI) and market capitalization appreciated by 1.55 percent and 1.58 percent to close the trading week at 37, 944.60 basis points and N13.215tn, respectively.

Trading in the top three equities were Transnational Corporation of Nigeria Plc, Wapic Insurance PLC and Fidelity Bank PLC, which were measured by 12.998 billion shares worth N15.494 billion in 1,813 deals, and contributed 91.17 per cent and 44.20 per cent of the total equity turnover volume and value respectively.

All indices finished higher during the trading week with the exception of NSE ASeM index which closed flat again this past week.

The conglomerates industry (measured by volume) led the activity chart with 11.396 billion shares valued at N14.534bn traded in 890 deals; it contributed 79.94 percent and 41.46 percent to the total equity turnover volume and value, respectively.

The financial services industry followed with 2.484 billion shares worth N9.797bn in 9,205 deals.

The consumer goods industry came third with turnover of 164.156 million shares worth N8.127mn in 4,405 deals.

However, during the trading week, a total of 1,090 units of exchange Traded Products (ETPs) valued at N14, 708.50 were executed in 10 deals which is in contrast to 127 units valued at N13,837.30 that were transacted in the previous trading week in five deals.

In aggregate terms, a total turnover of 14,257 billion shares worth N35.056 billion in 17,379 deals were traded this past week by investors on the floor of the exchange in contrast to a total of 2.182 billion shares valued at N22.795bn that exchanged hands in the previous week in 17,019 deals.

A total of 21, 670 units of Federal Government Bonds valued at N23.125mn were traded this past week in 17 deals, compared with a total of 9,024 units valued at N9.485mn transacted in two deals in the previous trading week.

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