Nigerian Stock Market: Investors record N260bn Weekly Gain

The Nigerian stock’s investors gained N260 billion at the end of trading last week as 32 firms embraced rise in the share prices.

Nigerian Stock Market: Investors record N260bn Weekly Gain

All-Share Index and market capitalisation appreciated by 1.12 per cent and 1.16 per cent to close the week at 42,353.31 and N22.11tn one-to-one.

Alike, all other indices finished higher, with the exception of NGX Main Board, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth and NGX Oil/Gas indices, which depreciated by 0.22 per cent, 1.82 per cent, 2.23 per cent, 0.08 per cent, 0.85 per cent and 0.57 per cent respectively. The NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

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With 899.77 million shares valued at N7.33bn, the finical services industry led the chart, traded in 9,326 deals. Followed is the consumer goods industry with 209.50 million shares worth N2.79bn in 2,866 deals, while the third place was occupied by the conglomerates industry, with a turnover of 93.813 million shares worth N663.14m in 485 deals.

A total turnover of 1.32 billion shares worth N15.33bn in 18,292 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 2.63 billion shares valued at N26.90bn that exchanged hands in 20,848 deals the previous week.