Ecobank, Dangote pump Nigerian stocks

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Godspower

Well-Known Member
Apr 21, 2020
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Last week, a total turnover of 1.662 billion shares worth N18.205 billion in 28,791 deals were traded by investors on the floor of the Exchange, compared with last week’s total of 1.012 billion shares valued at N9.892 billion that exchanged hands in 17,023 deals.

39 equities appreciated in price during the week, higher than 28 equities in the previous week. 22 equities depreciated in price, lower than 20 equities in the previous week, while 102 equities remained unchanged, lower than 115 equities recorded in the preceding week.
The Financial Services industry (measured by volume) led the activity chart with 1.385 billion shares valued at N11.813 billion traded in 17,117 deals; thus contributing 83.35% and 64.89% to the total equity turnover volume and value, respectively.
The Services industry followed with 53.551 million shares worth N128.065 million in 1,003 deals. The third place went to the Consumer Goods industry, with a turnover of 53.444 million shares worth N2.780 billion in 3,607 deals.
Trading in the top three equities, FBN Holdings Plc, Guaranty Trust Bank, and Zenith Bank Plc, (measured by volume) accounted for 774.294 million shares worth N9.796 billion in 7,516 deals, contributing 46.59% and 53.81% to the total equity turnover volume and value, respectively.
The NSE (Nigerian Stock Exchange) All-Share Index and Market Capitalization both appreciated by 4.45% to close the week at 24,045.40 and N12.531 trillion, respectively.