Investors within the Nigerian inventory market traded a complete turnover of three.132 billion shares value N76.552 billion in 61,456 offers this week on the ground of the Exchange.
The Nigerian Exchange Ltd., NGX, weekly report made obtainable in Lagos, mentioned this in distinction to 2.252 billion shares valued at N58.831 billion that exchanged fingers final week in 63,657 offers.
Consequently, the worth of transactions traded by buyers on the Exchange superior by 30.12 per cent.
The Financial Services Industry measured by quantity led the exercise chart with 2.336 billion shares valued at N33.014 billion traded in 27,100 offers.
This contributed 74.59 and 43.13 per cent to the overall fairness turnover quantity and worth respectively.
The Services business adopted with 284.988 million shares value N807.646 million in 4,638 offers.
Third place was the Consumer Goods Industry, with a turnover of 139.010 million shares value N5.704 billion in 6,469 offers.
Trading within the prime three equities specifically, Wema Bank Plc, Secure Electronic Technology Plc and Access Holdings Plc, measured by quantity accounted for 1.437 billion shares value N15.406 billion in 5,292 offers.
This contributed 45.89 and 20.13 per cent to the overall fairness turnover quantity and worth respectively.
Accordingly, the NGX All-Share Index and Market Capitalisation appreciated by 1.22 per cent and 1.26 per cent to shut the week at 103,598.30 and N63.645 trillion respectively.
This was in opposition to 102,353.68 and N62.851 trillion respectively recorded within the earlier week.
As end result buyers gained a complete of N794 billion for the week below assessment.
Similarly, all different indices completed greater except for NGX Insurance, NGX Consumer Goods, NGX Oil and Gas and NGX Sovereign Bond which depreciated by 1.20, 1.20, 0.93 and 0.10 per cent.
The NGX ASeM, nonetheless, closed flat.
Meanwhile, 44 equities appreciated in worth throughout the week, greater than 33 equities within the earlier week.
Forty 4 equities depreciated in worth decrease than 57 within the earlier week, whereas 64 equities remained unchanged, greater than 62 recorded within the earlier week.
On itemizing, Lasaco Assurance Plc listed an extra 9.250 billion strange shares of 50k every on the each day official checklist of Nigerian Exchange Limited, NGX, within the week below assessment.
The extra shares listed on NGX arose from Lasaco’s Private Placement of 9.250 billion strange shares of 50k every at N1.20 per share.
With the itemizing of the extra strange shares, the overall issued and totally paid-up shares of Lasaco Assurance has now elevated from 1.834 billion to 11,083 billion strange shares of 50k every.
Looking forward, Analysts at Cowry Asset Management Ltd., predicted that the present optimistic market sentiment is predicted to persist into the approaching week.
The analysts mentioned that this might be supported by the discharge of company earnings and anticipated company actions.
They famous that the monetary outcomes printed to date have been encouraging, offering a basis for sustained worth help and attracting contemporary capital inflows into the market.
“Moreover, the prevailing low valuation of many shares continues to create alternatives for buyers to purchase into worth and strategically reposition their portfolios.
“However, the market could expertise bouts of volatility because the earnings season progresses.
“Mixed macroeconomic data and upcoming economic events are likely to influence market sentiment, particularly for companies with December year-end financials,” they mentioned.
NAN