Activities on the floor of the Nigerian Stock Exchange last week continued on the upbeat as the NSE All-Share Index? appreciated? by? 737.32? points? or? 3.6 per cent? to close on Friday at? 20,763.26 while the market capitalisation of the equities increased to N6.543? trillion.
The Bullish rally was against the backdrop of projections by market analysts who believed the market would nosedive following? the usual expectations that investors would offload some of their shares for Christmas celebrations.
Also, the NSE-30 Index appreciated by 36.56 points or 4.0 per centto close at 931.76. At the preceding week, the NSE-ASI and NSE-30 Indices appreciated by 1.2 per cent and 1.5 per cent, respectively.
Two of the four sectorial indices appreciated the week same as during the preceding week. The NSE Food/Beverage Index? appreciated by? 26.15? points or? 4.6 per cent to close at? 584.41? and theNSE Banking? Index appreciated by? 10.82? points or? 4.1 per cent to close at? 273.90. However, the NSE Insurance Index depreciated by 0.54 points or 0.3 per centto close at 143.48 while the NSE Oil/Gas Index by? 4.07? points or? 1.8% to close at? 221.07.
There were no transactions executed through the stock market in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
Consequently, 41 equities appreciated in price during the week, higher than the 22 of the preceding week. Three equities from the Consumer Goods sector occupied the top, positions on the advancers table.
Like the preceding week, Nestle Nigeria Plc led on the gainers’ table with a gain of N21.20 or 5.0 per cent to close at N445.66 per share while Guinness Nigeria Plc followed with a gain of N16.10 or 7.0 per cent to close at N245.00 per share, among other gainers.
On the other hand, 32? stocks depreciated? in price,? lower? than the 44 of? the? preceding week, Total Nigeria Plc led on the price losers’ table, dropping by N9.90 or (5.0 per cent) to close at N188.10 per share while Julius Berger Nigeria Plc followed with a loss of N1.36 or (4.1 per cent) to close at N31.60 per share, among other losers.
A turnover of 1.55 billion? shares worth N7.993 billion in 15,494 deals was recorded this week, in contrast to a total of 1.3 billion shares valued at N11.03 billion exchanged last week in 16,402 deals.