The NGX All-Share Index and Market Capitalization appreciated by 0.22% last to close higher at 65,198.08 basis points and N35.480 trillion respectively.
Trading records showed that gains recorded in the stocks of Dangote Sugar Refinery Plc (25 per cent), GlaxoSmithkline Consumer Nigeria Plc (20.27 per cent) and Nigerian Breweries (16.44 per cent) drove the Nigerian Exchange Limited (NGX) values northward.
This resulted in a gain of N77 billion for investors and collective upswing in the market capitalisation.
All other indices finished higher except for NGX main board, NGX CG, NGX banking, NGX AFR bank value, NGX MERI growth, NGX MERI value and NGX oil and gas indices, which depreciated by 0.07 per cent, 0.06 per cent, 2.13 per cent, 1.85 per cent, 2.43 per cent, 0.78 per cent, and 0.68 per cent respectively. The NGX ASeM index closed flat.
During the week, investors traded a total turnover of 2.575 billion shares worth N29.615 billion in 37,713 deals in contrast to a total of 2.854 billion shares valued at N37.645 billion that exchanged hands the preceding week in 41,547 deals.
Measured by volume, the Financial Services Industry led the activity chart with 1.921 billion shares valued at N16.514 billion traded in 17,689 deals; thus contributing 74.60% and 55.76% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 160.206 million shares worth N625.021 million in 1,811 deals., while the third place was the Oil and Gas Industry, with a turnover of 152.046 million shares worth N1.332 billion in 2,403 deals.
Trading in the top three equities namely AIICO Insurance Plc, FCMB Group Plc and Transnational Corporation Plc (measured by volume) accounted for 636.217 million shares worth N1.737 billion in 2,751 deals, contributing 24.71% and 5.86% to the total equity turnover volume and value respectively.
A total of 27,073 units of ETP valued at N1.335 million were traded this week in 90 deals compared with a total of 14,270 units valued at N3.252 million transacted last week in 95 deals.
In the fixed income wing, investors traded a total of 143,414 units of bonds valued at N146.160 million were traded in 26 deals compared to the previous week when a total of 29,766 units valued at N30.629 million were in 31 deals.
