The Nigerian Exchange Limited recorded a total gain of N1.43tn last week, driven largely by renewed investor interest in the banking sector. The All-Share Index rose by 1.57% to close at 119,995.76 points, up from 118,138.79 points the previous week.
The market capitalization appreciated by 1.92%, rising from N74.528tn to N75.962tn, indicating a total value gain of N1.43tn within the five-day trading period. A total turnover of 3.903 billion shares worth N102.221bn in 114,484 deals was traded.
The financial services industry led the activity chart with 2.030 billion shares valued at N41.934bn traded in 42,959 deals. The services industry followed with 396.590 million shares worth N4.596bn in 8,105 deals
Trading in the top three equities, Fidelity Bank Plc, Access Holdings Plc, and Zenith Bank Plc, accounted for 864.681 million shares worth N25.955bn in 15,136 deals. These three stocks contributed 22.16% and 25.39% to the total equity turnover volume and value, respectively.
The market also witnessed improved activity in the Exchange Traded Products segment and the bonds segment. The market breadth was strongly positive, with 78 equities appreciating in price.
All sectoral indices ended the week in green territory, except for the Oil and Gas Index, which declined by 2.23%. The Nigerian Exchange also listed TSL SPV Plc’s N5bn bond issuance programme during the week
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