The Nigeria stocks market remained in the green territory for the fourth consecutive week after it closed session last week with N128 billion.
As equities investors recouped the profit, market value appreciated by 0.86 per cent, driving both market capitalization and the benchmark index higher to close at N14.980 trillion and 28,659.45 basis points.
All other indices finished positive with the exception of NSE Insurance which depreciated by 0.68 per cent while the NSE ASeM Index closed flat.
The weekly session however recorded less participation in turnover as both traded volume and value declined by 37.74 per cent and 36.08 per cent respectively.
Trading statistics by the Nigerian Stock Exchange (NSE) showed that a total turnover of 1.955 billion shares worth N22.978 billion in 22,844 deals were traded during the week by investors on the floor of the Exchange, in contrast to a total of 3.140 billion shares valued at N35.372 billion that exchanged hands the previous week in 35,099 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.648 billion shares valued at N18.824 billion traded in 13,050 deals; thus contributing 84.29 per cent and 81.92 per cent to the total equity turnover volume and value respectively.
The Conglomerates industry followed with 99.313 million shares worth N87.823 million in 553 deals and the third place was the Consumer Goods, with a turnover of 60.570 million shares worth N991.189 million in 3,269 deals.
In terms of volume, trading in the top three equities namely United Bank for Africa Plc, Guaranty Trust Bank Plc and Zenith Bank Plc accounted for 885.515 million shares worth N15.881 billion in 6,308 deals, contributing 45.30 per cent and 69.11 per cent to the total equity turnover volume and value respectively
During the week also, investor traded a total of 701,543 units of Exchange Traded Funds (ETFs) valued at N6.051 billion in 44 deals as well as a total of 19,475 units of bond instruments valued at N23.752 million in five deals compared.
