NSE gains N45.65bn as market liquidity improves

Isola Moses | ConsumerConnect

Share investors’ fortune received a considerable boost in the week as the equity section of the Nigerian Stock Exchange (NSE) posted gains Monday, Tuesday, Wednesday and Friday, but recorded a loss Thursday, resulting in a weekly appreciation of N45.648 billion.

ConsumerConnect gathered that all the key market performance indicators closed higher. However, a negative market breadth was recorded this week as 36 losers emerged against 29 gainers.

The All Share Index (ASI) and Market Capitalisation simultaneously advanced by 0.35% to 25,309.37 basis points and N13.203 trillion respectively.

Trade Volume of 1.072 billion shares worth N7.384 billion was recorded in 16,684 deals this week compared to the 950.414 billion shares valued at N10.123 billion posted in 16,647 deals last week.

As regards the Activity Chart, the Financial Services sector dominated trade with 586.761 million shares estimated at N4.022 billion traded in 8,483 deals.

It contributed 54.76% and 54.47% to the total equity volume and value respectively. The Conglomerates sector came next, trading 307.744 million shares worth N799.159 million in 1,010 deals.

The Consumer Goods industry followed, trading 50.170 million shares priced at N968.272 million in 3,018 deals.

On Index Movement, all indices were said to have advanced except NSE Premium, NSE Banking, NSE AFR Div Yield and NSE MERI Value Indices which depreciated by 0.45%, 0.23%, 0.77% and 0.9%. The NSE ASeM closed flat.

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