NSE Report Weekly – At the Nigerian Stock Exchange (NSE) week ended 29 November 2019, the NSE All-Share Index and Market Capitalization both appreciated by 0.04% to close the week at 27,002.15 points and N13,033 trillion respectively. The ASI increased by 10.37 basic points, while Market Capitalization gained N6 billion.
The week activities saw the All Share Index declined year-to-date by 2,827 basic points representing 9% since week 1, 2019. Market Capitalization has however gained N1.909 trillion year-to-date representing 17% growth from the beginning of year 2019.
A total turnover of 1.161 billion shares worth N13.174 billion in 18,142 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.416 billion shares valued at N17.249 billion that exchanged hands last week in 20,303 deals. NSE Market rebounds
The volume of shares traded during the week when compared to the previous week decreased by 255 million, value of stocks increased by N4.075 billion while the number of deals consummated also increased by 2,161 deals when compared to previous week trading figures.
NSE Report Weekly- The Financial Services industry led the activity chart with 801.229 million shares valued at N6.219 billion traded in 10,415 deals; thus contributing 69%, 47% and 57% to the total equity turnover volume, value and deals respectively.
The Conglomerate industry followed with 139.940 million shares worth N585.927 million in 943 deals. The third place was Consumer Goods industry with a turnover of 84.546 million shares worth N3.445 billion in 2,674 deals. NSE Market rebounds
Trading in the Top Three Equities namely, Law Union & Rock Insurance Plc, Zenith Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 369.396 million shares worth N3.086 billion in 3,360 deals, contributing 32%, 23% and 19% to the total equity turnover volume value and deals respectively.
The NSE-Banking Index closed the week at 361.12 from 363.61 the previous week, depreciating week-to-date by 0.68 %, but appreciated month-to-date by 15.26% and quarter-to-date by 4.98% and -9.48% year-to-date respectively.