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Stock market extends weekly gains by N390bn

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The Nigerian Stock Exchange All-Share Index and market capitalisation appreciated by 2.92 per cent to close the week at 26,319.34 basis points and N13.76tn respectively.A total turnover of 1.

57 billion shares worth N20.56bn in 18,396 deals were traded last week by investors on the floor of the Exchange, compared with 1.14 billion shares valued at N12.69bn that exchanged hands the previous week in 17,109 deals.

Trading in the top three equities, namely Sterling Bank, FBN Holdings Plc and Zenith Bank Plc, accounted for 612.80 million shares worth N4.31bn in 3,739 deals. Thirty-five equities appreciated in price during the week, compared with 32 in the previous week; 28 equities depreciated in price, compared with 31 in the previous week, while 100 equities remained unchanged, same as in the previous week.

A total of 467 units valued at N564.073.49 were traded last week in five deals, compared with a total of 18,803 units valued at N19.58m transacted the previous week in 8 deals.

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