FRI, 27 NOV, 2020-theGBJournal-A total turnover of 1.816 billion shares worth N25.791 billion in 31,665 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 11.400 billion shares valued at N35.892 billion that exchanged hands last week in 39,265deals.
The market was a broadly bullish, with mild gains recorded in three of the four trading days. Activity levels were weak, as volume and value traded plunged by 84.1% and 28.1% w/w, respectively.
The All-Share Index, however, remained well above the 34,000 points psychological mark, closing at 34,885.51 points. Notably, buying interest in AIRTELAFRI (+7.0%), DANGCEM (+6.1%), BUACEMENT (+4.8%), INTBREW (+2.6%), FBNH (+2.1%), and NESTLE (+1.8%) drove the benchmark index 2.2% higher.
The NSE All-Share Index and Market Capitalization appreciated by 2.19% to close the week at 34,885.51 and N18.228 trillion respectively.
Similarly, all other indices finished higher with the exception of NSE CG, NSE Banking, NSE- AFR Bank Value, NSE AFR Div Yield, NSE MERI Growth and NSE Consumer Goods which depreciated by 0.05%, 1.31%, 1.53%, 0.38%, 0.44% and 0.5% while the NSE ASeM Index closed flat.
The MTD return rose to 14.3% while the YTD return for index improved to 30.0%. Performance across sectors was broadly positive – save for the Banking (-1.3%) and Consumer Goods (-0.5%) indices –with the Industrial (+4.4%), Oil and Gas (+0.6%), and Insurance (+0.3%) indices closing in the green.
The Financial Services Industry (measured by volume) led the activity chart with 1.274 billion shares valued at N14.710 billion traded in 18,392 deals; thus contributing 70.15% and 57.04% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 217.170 million shares worth N231.809 million in 1,226 deals. The third place was the Consumer Goods Industry, with a turnover of 113.760 million shares worth N2.598 billion in 4,568 deals.
Trading in the top three equities namely Zenith Bank Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 649.529 million shares worth N8.104 billion in 6,395 deals, contributing 35.76% and 31.42% to the total equity turnover volume and value respectively.
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