Connect with us

Business

NSE ROUND UP: Market gains N219.7bn on week-long bull run

Published

on

NSE delists Alumaco, Vono, 7Up, 19 others for non-compliance

The Nigerian equities market posted gains Monday through Thursday as bargain-hunting efforts sustained a positive trend all week long.

Investors showed particular preference for blue-chip equities, which accounted for a cumulative gain of N219.731 billion.

There was no session on Friday on the account of a public holiday, marking May day.

All the key market performance indicators closed higher. A positive market breadth was recorded this week as 28 gainers emerged against 20 losers. The All Share Index (ASI) and the Market Capitalisation both grew by 1.87% to 23,021.01 basis points and N11.997 trillion respectively.

Read also: MTN, Savannah, 8 others to invest $4.8bn in Nigeria –NIPC

Trade Volume of 1.012 billion shares worth N9.892 billion was recorded in 17,023 deals this week compared to the 1.195 billion shares valued at N13.979 billion posted in 20,591 deals last week.

On the Activity Chartthe Financial Services sector dominated trade with 809.957 million shares estimated at N5.666 billion traded in 9,533 deals. Specifically, it contributed 80.06% and 57.28% to the total equity volume and value respectively. The Industrial Goods sector came next, trading 47.884 million shares worth N1.681 billion in 1,920 deals. The Conglomerates industry followed, trading 46.627 million shares priced at N86.349 million in 550 deals.

As regards Index Movement, all indices appreciated save for NSE Meri Growth, NSE Consumer Goods and NSE Industrial Goods, which depreciated by 0.88%, 1.42% and 0.47% respectively. The NSE ASeM closed flat.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now