Transactions on the Nigerian Stock Exchange (NSE) maintained its upward trading with gain of N315 billion this week.
The market capitalization, which opened the week at N10.045 trillion, gain N315 billion, translated to 3.14 per cent to9 close at N10.360 trillion.
Also, the NSE All Share Index appreciated by 945.56 basis points to close at 31,049.37 points from 30,103.81 points it opened the week.
Investment value in the nation’s bourse rose by N841 billion in the last two weeks after losing N801 billion upper weeks.
Investors bought 2.133 billion shares worth N24.386 billion in 22,532 deals were traded this week by investors on the floor of the exchange in contrast to a total of 1.675 billion shares valued at N21.315 billion that exchanged hands last week in 21,062 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.797 billion shares valued at N14.192 billion traded in 14,424 deals; thus contributing 84.25 per cent and 58.20 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 119.519 million shares worth N630.211 million in 1,216 deals. The third place was occupied by the Consumer Goods Industry with 100.121 million shares worth N6.595 billion in 3,307 deals.
On daily basis, equities market opened, activities in the equity segment of the Nigerian exchange resumed the month of March on Monday on bullish trend as market value surged by N54 billion.
The market value which opened March with N10.045 trillion appreciated by 0.54 per cent to closed at N10.099 trillion.
The All Share Index also appreciated by 163.37 points or 0.54 per cent to close at 30,267.18 basis points, compared with the 0.19 per cent depreciation recorded previously.
Market turnover closes negative as volume moved southwards by 34.43 per cent against 24.13 per cent uptick recorded last Friday. UBA Plc, Diamond Bank Plc and FBN Holdings Plc were the most active to boost market turnover. Nigerian Breweries Plc and Guaranty Trust Bank Plc top market value list.
The NSE Banking Index records 1.77 per cent gain to emerge the most supportive sectoral index among others while the NSE Oil & Gas Index emerged as worst hit to close with 0.42 per cent loss.
Market breadth closed positive as Red Star Express Plc led 26 gainers against 21 losers topped by UAC of Nigeria Plc at the end of the trading day which was an unimproved performance when compared with previous outlook.
However, on Tuesday transactions in banking stocks sustained positive mode of equities market by contributed 80.74 per cent to the volume traded.
When the market close yesterday 510.059 million shares worth N4.911 billion in 5,324 deals were traded by investors on the floor of the exchange in contrast to a total of 261.817 million shares valued at N2.985 million that exchanged hands previously in 3,329,805 deals.
Banking stocks (measured by volume) led the activity chart with 411.838 million shares valued at N2.994 billion traded in 3,248 deals; thus contributing 80.74 per cent and 54.73 per cent to the total equity turnover volume and value respectively.
Market turnover closes positive as volume moved northwards by 94.82 per cent against 34.43 per cent uptick recorded in the previous session. Access Bank Plc, Diamond Bank Plc and FBN Holdings Plc were the most active to boost market turnover.
The NSE Consumer Goods Index records 2.15 per cent gain to emerge the most supportive sectoral index among others while the NSE Alternative Securities Market Index closed flat.
Market breadth closed high as National Salt Company of Nigeria Plc led 34 gainers against 11 losers topped by UAC of Nigeria Plc at the end of the trading day which was an improved performance when compared with previous outlook
The equity recorded a marginal gain of N4 billion on Wednesday as investors take profit in the light of recent gains recorded in the market.
The market capitalization opened at N10.211 trillion appreciated by 0.05 per cent to close at N10.215 trillion.
Also, the All Share Index closed at 30,614.9 points with a daily return of 13.80 basis points or 0.5 per cent.
The marginal gained recorded in the market was driven by share price appreciation in FBN Holdings Plc, Zenith Bank Plc, Lafarge Africa Plc and Dangote Cement Plc.
The market breadth closed positive as 26 stocks gained while 22 stocks declined.
The financial services sector posted 0.3 per cent daily return as investors took profits in the large-cap banking stocks such as Guaranty Trust Bank Plc loss 4.2 per cent and Ecobank Transnational Incorporation Plc loss 0.3 per cent.
Market turnover closes negative as volume moved southwards by 25.25 per cent against 94.82 per cent uptick recorded in the previous session. Access Bank Plc, Zenith Bank Plc and FBN Holdings Plc were the most active to boost market turnover.
The NSE Industrial Index records 0.66 per cent gain to emerge the most supportive sectoral index among others while the NSE Oil & Gas Index emerged as worst hit to close with 1.34 per cent loss.
Market breadth closed positive as Portland Paints Plc led 26 gainers against 22 losers topped by Wema Bank Plc at the end of trading session which was an improved performance when compared with previous outlook.
On Thursday, trading depressed by N83 billion as many companies depreciated in value. The market value dropped from N10.215 trillion to N10.132 trillion, represented 0.82 per cent.
However, the All Share Index depreciated by 249.88 points from 30,614.93 points to end with 30,365.05 points.
Market turnover closes negative as volume moved southwards by 0.67 per cent against 25.25 per cent decline recorded in the previous session. Union Diagnostic Plc, Zenith Bank Plc and FBN Holdings Plc were the most active to boost market turnover.
The NSE Insurance Index records 0.26 per cent gain to emerge the most supportive sectoral index among others while the NSE Consumer Goods Index emerged as worst hit to close with 1.48 per cent loss.
Market breadth closed positive as Oando Plc led 16 gainers against 27 losers topped by Julius Berger Nigeria Plc at the end of the trading session which was an unimproved performance when compared with previous outlook.
Equities on Friday regain momentum as market closed on a positive note, as NSE All Share Index appreciated by 2.25 per cent to close at 31,049.37 basis points.
Market turnover closes positive as volume moved northwards by 58.77 per cent. Access Bank Plc, UBA Plc and FBN Holdings Plc were the most active to boost market turnover. Nestle Nigeria Plc and Julius Berger Plc top market value list.
Market breadth closed positive as Guaranty Trust Bank Plc led 37 gainers against 15 losers topped by May & Baker Plc.
At the end of the week, summary of price changes shows that only 40 equities appreciated in price lower than 43 equities of the preceding week. Thirty equities depreciated in price higher than 22 equities of the preceding week, while 126 equities remained unchanged lower than one hundred and thirty 131 equities recorded in the preceding week.
Mobil Oil Nigeria Plc led gainers chart with N11.00 kobo to close at N161.00 kobo, followed by Nigerian Breweries Plc with N5.15 kobo to close at N145.15 kobo, Guinness Nigeria Plc with N4.65 kobo to close at N128.15 kobo, Total Nigerian Plc with N4.49 kobo to close at N144.50 kobo per share.
Others on the chart are, Lafarge Africa Plc with N4.00 kobo to close at N89.00 kobo, Zenith Bank Plc with N3.34 kobo to close at N20.94 kobo, Stanbic IBTC Holdings Plc with N2.30 kobo to close at N27.30 kobo, Union Bank of Nigeria Plc with N1.66 kobo to close at N11.50 kobo, Ecobank Transnational Incorporated Plc with N1.55 kobo to close at N19.95 kobo and International Breweries Plc with N1.43 kobo to close at N19.42 kobo per share.
Seplat Petroleum Development Company Plc led the top ten the losers with a loss of N40.00 kobo to close at N430.00 kobo, Forte Oil Plc lost N10.40 kobo to close at N203.00 kobo, UAC of Nigeria Plc with N4.85 kobo to close at N35.52 kobo, 7-Up Bottling Company Plc with N4.37 kobo to close at N152.61 kobo per share and Glaxo Smithkline Consumer Nigeria Plc with N2.00 kobo to close at N40.00 kobo.
Others on the chart are, Presco Plc with N1.61 kobo to close at N30.77 kobo, CAP Plc with N1.58 kobo to close at N38.20 kobo, Julius Berger Nigeria Plc with N1.01 kobo to close at N42.99 kobo, P. Z. Industries Plc with N1.00 kobo to close at N27.99 kobo and Flour Mills Nigeria Plc with N0.65 kobo to close at N33.85 kobo per share.