Stock market extends weekly gains

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Activities on the Nigerian stock market closed on a positive note last week as the All-Share Index and market capitalisation appreciated by 0.72 per cent and 0.75 per cent to close the week at 35,137.

99 and N18.37tn respectively.

The Exchange said following the launch of the Growth Board Index last week, it was finalising the migration process from ASeM, adding that the Growth Board Index would be reflected in the next edition of the report. The financial services industry led the activity chart with 1.21 billion shares valued at N12.06bn traded in 13,534 deals, thus contributing 72.00 per cent and 47.45 per cent to the total equity turnover volume and value respectively.

Trading in the top three equities namely Access Bank Plc, FBN Holding Plc and Zenith Bank Plc accounted for 475.82 million shares worth N6.14bn in 4,900 deals, contributing 28.41 per cent and 24.16 per cent to the total equity turnover volume and value respectively.

 

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