The Nigerian Stock Exchange(NSE) has released its market activities for the month of January. In a report released earlier today, trading activities according to the NSE was impressive in January as it closed the month with about N22.19tn and 42,412 index points.

The data revealed that trading activities on the NSE opened the year on January 4 with N21.06tn in market capitalisation and 40,270.72 in index. The month according to the exchange ended with N22.19tn and 42,412 index points. The data also revealed that the NSE earned a year to date gain of about N1.13tn at 5.3 per cent year to date.

According to the report, the index had a smooth week up +58bps on Friday, and +3.44 per cent w/w and equities which ended the month with +5.32 per cent made it more firm.

The current Bloomberg World Equities Index ranking ranks the NSE 7th position with +7.10 per cent in USD terms.

The Oil and Gas sector made huge contribution to the ranking by finishing higher with +0.63 per cent as Ardova and Oando provided support with +8.57 per cent and +2.50 per cent respectively. Other sectors also lent reasonable support except for the marginal decline of -8bp in industrials.

Reports monitored on Bloomberg also indicate that turnover last week stayed impressive, with an average of $14.53mn daily. On Friday, investors traded a total of $17.18m.

The report further revealed that domestic investors played notable roles in the market’s impressive performance especially companies like MTN, GTB and Wapco with $2.47m, $1.84m and $1.56m respectively.

According to the NSE, the All-Share Index and market capitalisation appreciated by 3.442 per cent to close last week at 42,412.66 .