December 7, 2023

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Bulls led the Nigerian Stock Market to positive close


A  total turnover of  1.718  billion shares worth N18.849  billion in 26,367  deals were traded this week by investors on the floor of the Exchange,  in contrast to a total of  926.418  million  shares valued at N9.768 billion that exchanged hands last week in 20,910 deals.

The  Financial  Services  industry  (measured  by  volume)  led  the  activity  chart  with  1.273  billion shares valued at N11.362 billion traded in 13,808 deals; thus contributing 74.08% and 60.28% to the total equity turnover volume and value  respectively.

The Industrial Goods industry followed with 102.377 million shares worth N3.194 billion in 2,956 deals. The third place was the Healthcare industry, with a turnover of 99.620 million shares worth N493.348 million in 1,194 deals.


Trading in the Top Three Equities namely Zenith Bank Plc, Access Bank and FBN Holdings Plc. (measured by volume) accounted for 673.104 million shares worth N6.803 billion in 5,927 deals, contributing 39.18% and 36.09% to the total equity turnover volume and value respectively.

The NSE All-Share Index and Market Capitalization both appreciated by 5.59% to close the week at 25,204.75 and N13.136 trillion respectively.

All other indices finished higher with the exception of NSE ASeM which closed flat.

Fifty-five (55) equities appreciated in price during the week, higher than thirty-two (32) equities in the previous week. Eight (8) equities depreciated in price, lower than twenty-eight (28) equities in the previous week, while one hundred (100) equities remained unchanged, lower than one hundred and three (103) equities recorded in the preceding week.


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