The market opened for four days during the week following Federal Government declaration of Friday 19th and Monday 22nd of April 2018 as public holiday to mark the Easter celebrations.
Meanwhile It was a bullish session for the four days trading last week on the floor of the Nigerian Stock Exchange week ended 18th of April, 2019, as both the All Share Index (ASI) and Market Capitalization appreciated by 1.78%.
The ASI which currently stood at 30,086 points gained 526 basic points during the week’s trading moving from 29,560 points. While Market Capitalization currently at N11.301 trillion grew by N198 billion from N11.103 trillion at the end of trading on 18th of April.
The week activities reduced the ASI loss from the beginning of the year to 152 basic point representing 1% loss while Market Capitalization had lost N135 billion from week 1, 2019 representing 1% loss.
The volume of shares traded during the week however dropped by 782 million. Value of stocks traded also decreased by N3.8 trillion while the number of deals consummated follow suit as it drops by 3,417 from 17,015 the previous week to 13,516 as at week ended 18th of April 2019.
The Financial Services Industry maintained its dominance of market activities at the NSE with 766.191 million shares valued at N7.261 billion traded in 7,820 deals; thus contributing 76%, 64% and 58% to the total equity turnover volume, value and number of deals respectively.
Three banks (Union Bank, Access Bank and GTBank) tops the activities as the most traded stocks in volume and they accounted for 355.043 million shares worth N4.845 billion in 2,133 deals, contributing 36%, 42% and 16% of to the total equity turnover volume, value and deals respectively.
Access Bank Plc is the only bank among the top 10 gainers at the NSE Week ended 18th April 2018 as it gained 90k to close at N6.85k from N5.95k previous week. While no bank featured among the top 10 decliners this week.