Equity market sustains weekly gains
Transactions on the equity market last
week further closed upbeat as the NSE All-Share Index and Market
Capitalisation appreciated by 1.56 and 1.59 per cent, respectively to
close the week at 31,016.17 and N16.21tn respectively.
all other indices finished higher with the exception of the NSE-Main
Board, NSE Insurance and NSE Oil/Gas that depreciated by 0.62 per cent,
1.32 per cent and 0.77 per cent, respectively while the NSE ASeM Index
A total turnover of
2.07billion shares worth N22.64bn in 25,187 deals were traded last week
by investors on the floor of the exchange, in contrast to a total of
1.91billion shares valued at N23.61bn that exchanged hands the previous
week in 23,578 deals.
services industry (measured by volume) led the activity chart with 1.58
billion shares valued at N13.73bn traded in 14,521 deals; thus
contributing 76.21 per cent and 60.63 per cent to the total equity
turnover volume and value, respectively.
The consumer goods Industry followed with 178.57 million shares worth N3.61bn in 4,669 deals.
The third place was the conglomerate industry, with a turnover of 102.69 million shares worth N155.19m in 599 deals.
in the top three equities namely Access Bank Plc, FBN Holding Plc and
Zenith Bank Plc (measured by volume) accounted for 686.34 million shares
worth N7.6bn in 4,557 deals, contributing 33.21 per cent and 33.57 per
cent to the total equity turnover volume and value, respectively.
On the bourse, 40 equities appreciated in price during the week, lower than 68 equities in the previous week.
analyses showed that 24 equities depreciated in price, higher than six
equities in the previous week, while 97 equities remained unchanged,
higher than 94 equities recorded in the previous week.
total of 238,441 units of ETPs valued at N2.05bn were traded last week
in eight deals compared with a total of 262,849 units valued at N2.16bn
transacted last week in 52 deals.
total of 6,011 units of bonds valued at N7.54m were traded this week in
14 deals compared with a total of 7,730 units valued at N9.21m
transacted last week in 15 deals.
Source: Punch, November 9, 2020