• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

A look back at events on the NSE during the week ended 28th June, 2019

Ronald Adamolekun by Ronald Adamolekun
July 1, 2019
in Business News, Stock Market
Nigerian Stock Exchange, NSE
Share on FacebookShare on TwitterShare on Linkedin

Investors had reasons to smile home in the week that just went by. For one thing, it was a bright one for investment on the floor of the Nigerian Stock Exchange as the major indices closed in the positive.

The NSE All-Share Index and Market Capitalisation both went up by 0.39%. While the former closed at 29,966.87, the latter did at N13.206 trillion.

The cheering development suggests that the weekly bullish momentum the market witnessed in the past couple of weeks was still sustained. It could then be said that there is a rise in investors’ confidence that the market is steadily returning to a sound financial footing.

RelatedStories

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025

Nigerian Stock exchange, Stock market

Altogether, 1.771 billion shares valued at N28.036 billion were traded. These transactions were done in as many as 18,660 deals. Relatively, 7.476 billion shares estimated at N91.107 billion at 17,192 deals were transacted the week before.

[Also Read: Airtel Africa may consider dual listing on London and Nigeria Stock Exchanges]

Even though the volume traded two weeks ago was well above that of last week, the winning factor here was that the 18,660 deals of last week outweighed that of the week before, which closed at 17,192. Put differently, 18,660 deals chased 1.771 billion shares last week while only 17,192 chased N91.107 billion two weeks ago despite the huge volume recorded by the latter.

What you should know: The stock market uses deals to measure the demand for stocks. They represent the number of requests placed by investors on companies’ shares.

The Activity Chart was led by the financial services industry. Here, 1.336 billion shares worth N17.894 billion exchanged hands in 8,783 deals. Interestingly, bank stocks constituted 75.44% of the turnover volume and 63.32% of the total value of the entire market.

[READ ALSO: Airtel Eyes a £3.6 billion IPO valuation on the LSE and NSE]

The Consumer Goods segment came second with 115.835 million shares in transactions worth N5.282 billion in 2,969 deals. Coming third last week, the Industrial Goods segment traded 90.705 million shares, put at N1.707 billion in 1,991 deals.

Ellah Lakes appoints new Managing Director, Ellah Lakes appoints Chuka Mordi, Ellah Lakes acquires Telluria Limited, Nigerian Stock Exchange NSE
The Nigerian Stock Exchange building

Zenith Bank, GTB Plc, and Wema Bank Plc dominated transactions in the banking segment, collectively accounting for 840.903 million shares worth 15.266 billion in 2,938 deals.

Details of Index Performance: Apart from the All Share Index, all other indices improved save for the NSE Premium, NSE Insurance, NSE MERI Value, NSE AFR Bank Value, NSE AFR Div Yield and NSE Industrial Goods. However, the NSE ASem Index was largely stagnant.

Major Development: That leading wireless provider Airtel Africa will list its shares on the Nigerian Stock Exchange in just three days time is good news for investors. That the company’s shares will be available to the general public that day (4th July 2019) is another. The reason is that the company’s shares are currently available to institutional investors alone, who have the financial muscle to buy the humongous minimum amount of shares the company is offering.

[READ ALSO: Why Airtel’s IPO is not for you]

The high point of the book building process last week was the disclosure of the offer price of the Airtel’s stock which was put at N363. A total of 39,227,968 of the company’s shares are on offer in Nigeria at the pre-listing stage.

The company’s shares were listed Friday morning on the London Stock Exchange at 80 pence per unit.


Follow us for Breaking News and Market Intelligence.
Tags: Airtel AfricaNigerian Business NewsNigerian Stock ExchangeNSE All Share IndexOn the Money
Ronald Adamolekun

Ronald Adamolekun

Ronald Adamolekun is a creative writer with proficiency in journalism, financial reporting, financial analysis and imaginative writing. However, his core competency lies in fiction and short story writing as well as feature writing. He is a graduate of English and Literature from Covenant University, Ota, Nigeria.

Related Posts

Stock market kicks off September in the red: ASI slips 0.15% amid declining trading volume 
Equities

Nigerian Stocks start July in red as All-Share Index slips 0.2%; Ellah Lakes leads daily volume 

July 2, 2025
Why did Legend Internet shares gain 32% in just one week? 
Company Results

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
MTN Group, Airtel Africa sign agreements to share network infrastructure in Nigeria and Uganda 
Financial Analysis

Data boom: Airtel and MTN set for profit surge in 2025 

June 9, 2025
IHS Nigeria, Airtel Nigeria
Breaking News

Airtel tops daily advancers as ASI attains N70 trillion cap, shatters 110,000-barrier 

May 27, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank threatens legal remedies over “malicious publication” concerning CEO’s share purchase 

May 24, 2025
Next Post
NAICOM

Recapitalisation: Brokers warned to stop doing business with 'weak insurance firms'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • FG sets new rule mandating SON certificate for contractors bidding on public projects
  • UK unveils simplified trade scheme to boost African exports, deepen economic ties 
  • Toyin Abraham’s Iyalode nears N300 million at Nigeria box office 

Follow us on social media:

Recent News

FG sets new rule mandating SON certificate for contractors bidding on public projects

FG sets new rule mandating SON certificate for contractors bidding on public projects

July 12, 2025
US work permits, extension period for work permits, USCIS,

UK unveils simplified trade scheme to boost African exports, deepen economic ties 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics