NSE: Market Indices close higher amid Investor optimism as Lockdown Measures eases

Last week, Investors at the Nigerian Stock Exchange traded for just four days of the week as Friday May 1^st  was declared by the Federal Government as Public Holiday to commemorate the 2020 Workers Day Celebration.

During the week, a turnover of 1.012 billion shares worth N9.892 billion exchanged hands in 17,023 deals,  compared to the previous week’s trading which saw the sum of 1.195 billion shares valued at N13.979 billion exchanged in 20,591 deals.

The NSE All-Share Index appreciated by 1.87% to close the week at 23,021.01, while Market Capitalization also closed higher at N11.997 trillion.

Twenty-eight (28) stocks appreciated in price during the week, higher than twenty-five (25) in the previous week. Meanwhile, Twenty (20) equities depreciated in price, lower than thirty-three (33) equities in the previous week, while One hundred and fifteen (115) equities remained unchanged, higher than the previous week.

The Financial Services industry (measured by volume) led the activity chart with 809.957 million shares valued at N5.666 billion traded in 9,533 deals;
Contributing 80.06% and 57.28% to the total equity turnover volume and value respectively.

The Industrial Goods industry followed with 47.884 million shares worth N1.681 billion in 1,920 deals.

The Conglomerates industry followed in third place with a turnover of 46.627 million shares worth N86.349 million in 550 deals.

Trading in the Top Three Equities namely, FBN Holdings Plc, United Bank for Africa Plc and Access Bank Plc. (measured by volume) accounted for 414.588 million shares worth N2.290 billion in 3,189 deals, contributing 40.98% and 23.15% to the total equity turnover volume and value respectively.

Twenty-eight (28) equities appreciated in price during the week, higher than twenty-five (25) equities in the previous week. Twenty (20) equities depreciated in price, lower than thirty-three (33) equities in the previous week, while One hundred and fifteen (115) equities remained unchanged, higher than one hundred and five (105) equities recorded in the preceding week.