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Financial, Conglomerate sectors bouy Equities 

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  • as indicators notch 1.78% 
By Chioma Obinagwam
The twin measurement indicators of the Nigerian Stock Exchange (NSE)- NSE All-Share Index and Market Capitalization appreciated by 1.78 per cent to close the week ended January 5, 2018 at 38,923.26 and N13.851 trillion respectively.
Similarly, all other indices finished higher during the week with the exception of the NSE Premium, NSE Alternative Securities Market(ASeM) and NSE Lotus II Indices that depreciated by 0.58 per cent, 1.44 per cent and 0.82 per cent respectively.
 Meanwhile,  a  total  turnover  of  2.417  billion  shares  worth  N18.813  billion  in  20,874  deals  were  traded this  week  by  investors  on  the  floor  of  the  Exchange  in  contrast  to  a  total  of  1.310  billion  shares valued at  N12.635  billion  that  exchanged  hands  last  week  in  9,016  deals.
The  Financial  Services  Industry  (measured  by  volume)  led  the  activity  chart  with  1.677  billion  shares valued  at  N8.734  billion  traded  in  13,033  deals;  thus  contributing  69.39 per cent  and  46.43 per cent  to  the  total equity  turnover  volume  and  value  respectively.  The  Conglomerates  Industry  followed  with  536.922 million  shares  worth  N1.258  billion  in  1,288  deals.  The  third  place  was  occupied  by  Consumer Goods  Industry  with a  turnover  of  100.460  million  shares worth  N6.951  billion  in  3,426  deals.
Moreover, trading  in  the  Top  Three  Equities  namely  –  Transnational  Corporation  of  Nigeria  Plc,  Diamond  Bank Plc  and  Skye Bank  Plc  (measured  by  volume)  accounted  for  1.193 billion  shares worth N1.681  billion in  2,957  deals,  contributing  49.37 per cent  and  8.93 per cent  to  the  total  equity  turnover  volume  and  value respectively.
Also traded during the week were a total of 305,604 units of Exchange Traded Products (ETPs) valued at N3.498 million executed in 8 deals, compared with a total of 276 units valued at N9,865.34 that was transacted last week in 12 deals.
Again, a total of 2,162 units of Federal Government Bonds valued at N2.016 million were traded this week in 9 deals, compared with a total of 422,672 units valued at N436.190 million transacted last week in 20 deals.
Furthermore,  55  equities  appreciated  in  price  during  the  week,  higher  than 32  of  the previous  week.
However, 12 equities depreciated in price, lower  than 25 equities of the previous.week, whereas 105 equities  remained  unchanged  lower  than 115  equities  recorded in the preceding week.

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