NSE Report Weekly – The Stock Market rebounds at the Nigerian Stock Exchange (NSE) week ended 13 September 2019. The All-Share Index and Market Capitalization both appreciated by 2.33% and 2.39% to close the week at 27,779 and N13,523 trillion respectively.
The Stock Market rebounds with ASI increasing by 632 basic points during the week from 27,147 points the previous week. While Market Capitalization also gained N316 billion from N13,207 trillion as at the end of trading on 6 September 2019.
A total turnover of 1.147 billion shares worth N14.082 billion in 17,980 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 0.713 billion shares valued at N13,295 billion that exchanged hands last week in 16,237 deals.
The volume of shares traded during the week when compared to the previous week increased by 46 billion, Value of stocks traded decreased by N3 billion while the number of deals consummated also decreased by 2,549 deals when compared to previous week trading figures.
NSE Report Weekly – The Financial Services Industry led the activity chart again this week with 0.841 billion shares valued at N10.765 billion traded in 11,331 deals; thus contributing 73%, 76% and 70% to the total equity turnover volume, value and deals respectively.
The Conglomerates industry followed with 111.231 million shares worth N243.124 million in 963 deals. The third place was ICT industry with a turnover of 95.087 million shares worth N605.135 million in 404 deals.
The NSE-Banking Index which closes the week at 338.12 from 321.83 the previous week, appreciated by 5.03% during the week also appreciated by 5.27% month to date but depreciated by 7.84% and 15.25% quarter and year to date respectively.
Trading in the Top Three Equities namely, Guarantee Trust Bank Plc, Access Bank Plc and FBN Holdings Plc accounted for 0.484 billion shares worth N8.306 billion in 4,265 deals, contributing 42% and 59% to the total equity turnover volume and value respectively.
NSE Report Weekly – FBN Holdings, ETI and Fidelity Bank are the three banks among the the top ten gainers this week gains 105k, 85k and 15k to close at 540k, 800k and 170k respectively. While only Stanbic IBTC bank is the only bank among the top 10 decliners list this week with loss of 200k to close at 3500k.
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