Nigerian Bourse Ends Last Trading Week of 2015 with 6.59% Gain


NSE OmotolaBy InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) ended the year with a gain of 6.59 percent on its last trading day of 2015 as all-share index (ASI) closed the week at 28,642.25; while market capitalisation also grew 6.62 percent to close at N9.851 trillion.

The NSE reports that with the brief trading week as a result of the Federal Government of Nigeria holidays, trades on the floor of the local bourse recorded a turnover of 2.965 billion shares worth N9.364 billion in 7,174 deals compared to a total of 743.117 million shares valued at N6.591 billion that exchanged hands last week in 8,325 deals.

It affirmed the Financial Services Industry (measured by volume) led the activity chart with 2.760 billion shares valued at N5.174 billion traded in 4,103 deals; thus contributing 93.06 percent and 55.25 percent to the total equity turnover volume and value respectively.

“The Services Industry followed with 66.805 million shares worth N203.043 million in 140 deals. The third place was occupied by the ICT Industry with a turnover of 42.737 million shares worth N21.730 million in 15 deals,” the NSE reported added.

At the end of transactions on the last week of the year, trading in top three (3) equities namely – insurer, African Alliance Insurance Company Plc, lenders Sterling Bank Plc and FBN Holdings Plc. (measured by volume) accounted for 1.998 billion shares worth N2.585 billion in 882 deals, contributing 67.36 percent and 27.60 percent to the total equity turnover volume and value respectively.

A summary of price changes at the close of the week’s trading shows that 42 equities gained in price during the week, higher than 26 recorded the previous week.

On the contrary, the report says 22 equities dipped in price, lower than 27 reported last week, while 126 equities remained unchanged, lower than 137 equities recorded in the previous week.

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