The NSE records N15.958tr, raising investors’ hope

NSE

NSE Weekly

Rising prices at the Nigeria stock exchange, NSE, raised investors’ hope on Friday which followed the Eid-el-Maulud public holiday on October 29.

The four-day trading week held a total turnover of 1.909 billion shares valued at N23.610 billion in 23,578 deals by investors on the Exchange. In contrast to the week before, 1.505 billion shares valued at N19.668 billion exchanged hands in 20,552 deals.

The All Share Index which closed at 30,530.69 recorded a 3.71% gain, it holds Year-to-Date (YTD) returns of 13.74%. All NSE indices finished higher with the exception of the NSE ASeM Index that closed flat.

Nigerian Stock Exchange capitalization appreciated and stands at N15.958 trillion.

By volume, the Financial Services industry was at the top of the activity chart with 1.478 billion shares valued at N15.576 billion traded in 12,546 deals. This contributed 77.41% to the total equity turnover volume and 65.97% value.

With 131.788 million shares worth N2.613 billion in 4,112 deals, the Consumer Goods Industry followed closely.

The Industrial Goods declared 83.526 million shares worth N3.573 billion in 1,818 deals.

NSE – Weekly Exchange

The prices of 68 equities appreciated during the week, six other equities depreciated, 94 equities remained unchanged.

Top gainers

Custodian Investment plc – 21% gain

Flour Mills Nig plc – 22% gain

Lasaco Assurance plc – 23% gain

Ecobank Transnational Incorporated – 24% gain

Fidelity Bank PLC – 24% gain

Sterlin Bank plc – 26% gain

Triple Gee & Company plc – 28% gain

FCMB Group – 28% gain

Portland Paint – 32% gain

Nestle Nigeria – 32%gain

Top decliners

Morison Industries plc: -10.00%

Prestige Assurance: -10%

Cutix plc: -8.95%

Nascon Allied Industries: – 8.39%

Omatek ventures plc: – 7.69%

Cornerstone Insurance plc -3.33%

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Christina Ngene

Content creator focusing on finance and business with five years of experience and a foundation in forex analysis.

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