The Nigerian Stock Exchange ended the week trading on a positive note on Friday with 19 gainers against 9 losers. All-Share Index appreciated by 1.63% to close at 22,921.59 index points as against 22,554.84 recorded Thursday, while market capitalization rose by N191.14 billion from N11.754 trillion to N11.945 trillion, as market sentiment retained its positive territory.
A total turnover of 231.6 million shares exchanged hands in 4,521 deals. The financial sector being led by First Bank Nigeria Holdings and UBA Plc was the most active (measured by turnover volume), with 80.5 million shares exchanged by investors.
Top gainers include NASCON up 10.00% to close at N9.35; NB up 9.85% to close at N32.35; CONOIL up 9.78% to close at N17.4; BUACEMENT up 8.33% to close at N31.85; and NESTLE up 5.89% to close at N967.
On the downside, top losers include CADBURY down 10.00% to close at N6.3; ARDOVA down 9.82% to close at N10.1; OANDO down 9.03% to close at N2.62; WAPCO down 3.33% to close at N11.6; and FLOURMILL down 1.40% to close at N21.2.
The week summary
Trading occurred four-days in the week as the Federal Government of Nigeria declared Monday 13th April 2020 (Easter Monday) as Public Holiday in commemoration of the Easter celebrations.
Meanwhile, a total turnover of 1.495 billion shares worth N12.894 billion in 20,982 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.440 billion shares valued at N19.932 billion that exchanged hands last week in 18,918 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.238 billion shares valued at N8.424 billion traded in 12,835 deals; thus contributing 82.82% and 65.33% to the total equity turnover volume and value respectively. The Healthcare industry followed with 72.953 million shares worth N386.138 million in 465 deals. The third place was the Consumer Goods industry, with a turnover of 48.567 million shares worth N1.904 billion in 2,611 deals.
Trading in the Top Three Equities namely, Omoluabi Mortgage Bank Plc, FBN Holdings Plc and Zenith Bank Plc. (measured by volume) accounted for 755.096 million shares worth N4.584 billion in 5,758 deals, contributing 50.50% and 35.56% to the total equity turnover volume and value respectively.
The NSE All-Share Index and Market Capitalization both appreciated by 7.19% to close the week at 22,921.59 and N11.946 trillion respectively.
All other indices finished higher with the exception of NSE ASeM which closed flat. (See summary of Index movements in the table below).
Thirty-seven (37) equities appreciated in price during the week, higher than Thirty-five (35) equities in the previous week. Twenty-one (21) equities depreciated in price, higher than Eighteen (18) equities in the previous week, while One hundred and five (105) equities remained unchanged, lower than One hundred and ten (110) equities recorded in the preceding week.