Trading activities on the floor of the Nigerian Stock Exchange at the close of trading on Friday sustained a bullish rally as investors renewed interest in blue chip companies.
?Consequently, the NSE All-Share Index appreciated? by? 358.00? points? or? 1.7 per cent? to close on at the weekend at? 20,950.02 while the market capitalization of the 187 First? -Tier equities? increased to N6.61? trillion. Also,? the NSE-30 Index appreciated by 17.58 points or 1.9 per cent to close at 954.93. At the preceding? week, the NSE-ASI and NSE-30 Index appreciated by 0.5 per cent and 0.1 per cent, respectively.
Two of the four sectorial indices appreciated during the week, same as during the preceding week. The NSE Consumer Goods Index appreciated by 130.75 points or 8.02 per cent? to close at 1,711.95 and the NSE Insurance Index appreciated by 5.15 points or 4.3 per cent to close at 123.79.
However, the NSE Banking? Index depreciated by 7.40 points or 2.4 per cent to close at 300.55 and the NSE Oil/Gas? Index depreciated? by? 2.31? points or? 1.0 per cent to close at? 216.09 points.??
At the close of the trading 43 equities appreciated in price during the week, higher? than the 29 of the preceding week.
Two Companies from the Consumer Goods sector led on the gainers' table. Nestle Nigeria Plc led with a gain of N41.54 or 10.4 per cent to close at N441.54 per share while Guinness Nigeria Plc followed with a gain of N20.90 or 10.0 per cent to close at N230.00 per share, among other gainers.??
On the other hands 25 stocks depreciated in price, lower than the 33 of the preceding week. Oando Plc led on the price losers’ table, dropping by N2.05 or (8.4 per cent) to close at N22.38 per share while Access Bank Plc followed with a loss of N0.81 or (10.6 per cent) to close at N6.82 per share, among other losers.
Further analysis of the week’s trading showed that a turnover of 1.924 billion shares worth N16.7 billion in 20,158 deals was recorded this week, in contrast to a total of 2.223 billion shares valued at N13.356 billion exchanged last week in 21,433 deals.
The Financial Services? sector accounted for? 1.433? billion shares valued at N9.131? billion traded in 11,434 deals. The Conglomerates sector followed with for 217.044 million shares valued at N230.91 billion traded in 710 deals. At the preceding week, the Financial Services sector led on the activity chart and was followed by the Consumer Goods sector.
?The? Banking? subsector of the? Financial Services? sector was the most active during the week (measured by turnover volume); with 1.3 billion shares worth N9.04 billion exchanged by? investors in 10,929 deals.
The volume in the Banking subsector was largely driven by activity in the shares of UBA Plc, Ecobank Transnational Inc. and Zenith Bank Plc. Trading in the shares of the three banks accounted for 676.9 million shares, representing 53.4 per cent, 47.2 per cent and 35.2 per cent of the turnover recorded by the subsector, sector and total turnover for the week, respectively.
