Stock market closes last week of Nov bullish – New Telegraph Newspaper

Trading activities on the floor of the Nigerian Stock Exchange (NSE) ended the last trading week of November on the positive territory, as the NSE All-Share Index and market capitalisation appreciated by 1.55 per cent and 1.58 per cent to close the week at 37,944.60 and N13.215 trillion respectively.
Similarly, all other indices finished higher with the exception of the NSE ASeM Index that closed flat.

It was a four-day trading week as the Federal Government of Nigeria declared last (Friday, 1 December, 2017) as a Public Holiday to mark Eid-el-Maulud celebration. Meanwhile, a total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 2.182 billion shares valued at N22.795 billion that exchanged hands the previous week in 17,019 deals.

The Conglomerates Industry (measured by volume) led the activity chart with 11.396 billion shares valued at N14.534 billion traded in 890 deals; thus contributing 79.94 per cent and 41.46 per cent to the total equity turnover volume and value respectively. The Financial Services Industry followed with 2.484 billion shares worth N9.797 billion in 9,205 deals. Consumer Goods Industry occupied the third place with a turnover of 164.156 million shares worth N8.127 million in 4,405 deals.

Trading in the top three equities namely – Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Fidelity Bank Plc (measured by volume) accounted for 12.998 billion shares worth N15.494 billion in 1,813 deals, contributing 91.17 per cent and 44.20 per cent to the total equity turnover volume and value respectively.

Thirty-nine equities appreciated in price last week, higher than 36 of the previous week. Twenty-three equities depreciated in price, lower than 24 equities of the previous week, while 119 equities remained unchanged lower than 111 equities recorded in the preceding week.

Also traded during the week were a total of 1,090 units of Exchange Traded Products (ETPs) valued at N14,708.50 executed in 10 deals, compared with a total of 127 units valued at N13,837.30 that was transacted the previous week in five deals.

A total of 21,670 units of Federal Government Bonds valued at N23.125 million were traded last week in 17 deals, compared with a total of 9,024 units valued at N9.485 million transacted the previous week in 15 deals.

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