The Nigerian Stock market has recorded some level of improvement as thirty-two firms recorded a surge in their share prices at the end of trading last week with investors gaining N260 billion.
The All-Share Index and market capitalization of the Nigerian Exchange Limited appreciated by 1.12% and 1.16% to close the week at 42,353.31 and N22.11 trillion respectively.
It was reported that all indices finished trading on a high note except the NGX Banking which depreciated by 1.82%, NGX AFR Bank Value – 2.23%, NGX Main Board – 0.22%, NGX AFR Div Yield – 0.08, NGX MERI Growth – 0.85% and the NGX Oil/Gas indices also depreciated by 0.57%.
However, the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
During the last trading week, investors traded 1.32 billion shares worth N15.33 billion in 18,292 deals on the floor of the Exchange, compared to the previous week which recorded a total of 2.63 billion shares worth N26.90billion in 20,848 deals.
The activity chart was led by the Financial Services sector with 899.77 million shares worth N7.33 billion traded in 9.326 deals which contributed 68.32% and 47.78% to the total equity turnover volume and value respectively.
Following the financial services Industry is the Consumer Goods Industry with 209.50 million shares worth N2.79 in 2,866 deals.
The Conglomerates Industry took third place on the chart with 93.813 million shares worth N663.14 million in 485 deals.
