8 May 2017

Nigeria: Equities Extend Weekly Profit By N156 Billion

Lagos — The Nigerian equities market has succeeded in maintaining positive trend on weakly basis as it closed the last trading week on Friday with N156 billion profit.

At the close of the four-day trading week, market capitalisation grew by 1.75 per cent close at N9.069 trillion while the NSE All-Share-Index (ASI) appreciated by 1.85 per cent, gaining 477.12 points to close higher at 26,235.63 absolute points.

Consequent of the appreciation, monthly-to-date (MtD) and quarter-to-date (QtD) values of the ASI have jacked up 1.85 per cent and 2.82 per cent respectively while the year-to-date (YtD) depreciation has reduced by 2.38 per cent.

Meanwhile, a total turnover of 1.154 billion shares worth N10.439 billion in 16,676 deals were traded in the week under review by investors on the floor of the Exchange in contrast to a total of 1.333 billion shares valued at N9.671 billion that exchanged hands last week in 16,300 deals.

The Financial Services Industry, measured by volume, led the activity chart with 813.016 million shares valued at N6.904 billion traded in 10,298 deals; thus contributing 70.45 per cent and 66.13 per cent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 106.566 million shares worth N1.063 billion in 1,356 deals while the third place was occupied by Services Industry with a turnover of 90.940 million shares worth N188.204 million in 660 deals.

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