Investors gained N230bn last week as the Nigerian stock market saw more equities record price appreciation.
The Nigerian Exchange Limited All-Share Index and market capitalisation appreciated by 1.11 per cent to close the week at 39,156.28 and N20.41tn respectively. All other indices finished higher with the exception of NGX Insurance, NGX ASeM and NGX Sovereign Bond, which depreciated by 4.12 per cent, 2.00 per cent and 1.45 per cent respectively, while the NGX Growth Index closed flat.
A total turnover of 1.06 billion shares worth N12.8bn in 17,854 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.08 billion shares valued at N9.55bn that exchanged hands in 17,933 deals the previous week. The financial services industry led the activity chart with 714.677 million shares valued at N5.95bn traded in 9,718 deals, thus contributing 67.53 per cent and 46.38 per cent to the total equity turnover volume and value respectively.The third place was occupied by the ICT industry, with a turnover of 75.99 million shares worth N583.72m in 679 deals.