The bulls prevailed on the floor of the Nigerian Stock Exchange this week as the local bourse gained 0.60% on the back of positive sentiments and profiteering recorded towards the end of the week. This is in stark contrast to a loss of 1.10% recorded last week. A turnover of 992.72 million shares valued at N13.12 billion were exchanged in 14,252 deals, compared to 949.68 million shares valued at N10.28 billion exchanged in 14,833 deals last week. Market Year to date is -13.40%.
The Top Three Equities traded by volume were Oando Plc, Access Bank Plc and Zenith International Bank Plc, with a total of 290.74 million shares worth N3.07 billion traded in 2,941 deals. Combined, they accounted for 29.29% and 23.42% of the total equity turnover volume and value respectively.
The Financial Services Industry led the activity chart for the umpteenth time, closely followed by the Oil and Gas Industry and then the Industrial Goods Industry. The Financial Services Industry had 712.27 million shares valued at N4.99 billion traded in 7,921 deals, while the Oil and Gas Industry had 124.81 million shares worth N1.96 billion traded in 1,695 deals and the Industrial Goods Industry had 47.28 million shares worth N2.76 million traded in 606 deals.
