The Nigerian stock market observed Friday, 12th June, 2020 as a public holiday to mark the Democracy Day celebrations, meaning that there were just four trading sessions recorded this week.
Meanwhile, a total turnover of 1.103 billion shares worth N9.876 billion in 16,616 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.469 billion shares valued at N23.553 billion that exchanged hands last week in 22,911 deals.
The Financial Services industry (measured by volume) led the activity chart with 814.292 million shares valued at N7.186 billion traded in 8,352 deals, thus contributing 73.82% and 72.76% to the total equity turnover volume and value respectively.
The Oil and Gas industry came second, with 66.78 million shares worth N143.050 million in 1,044 deals.
In the third place was the Consumer Goods industry, with a turnover of 57.842 million shares worth N1.022 billion in 2,559 deals.
Trading in the top three equities namely Mutual Benefits Assurance Plc, Guaranty Trust Bank Plc and FBN Holdings Plc (measured by volume) accounted for 485.307 million shares worth N5.048 billion in 2,683 deals, contributing 44.00% and 51.11% to the total equity turnover volume and value respectively.
The NSE All-Share Index and Market Capitalization both appreciated by 0.67% to close the week at 25,182.67 and N13.137 trillion respectively.
All other indices finished higher, with the exception of NSE MERI Growth, NSE Consumer Goods, and NSE Oil/Gas Indices which depreciated by 0.07%, 0.20% and 2.62% respectively, while NSEASeM closed flat.
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC up 45.20% to close at N2.57.
ROYAL EXCHANGE PLC. up 20.00% to close at N0.24.
ASSOCIATED BUS COMPANY PLC up 19.51% to close at N0.49.
PRESTIGE ASSURANCE PLC up 18.64% to close at N0.70.
LINKAGE ASSURANCE PLC up 17.78% to close at N0.53.
CONSOLIDATED HALLMARK INSURANCE PLC up 16.67% to close at N0.49.
WAPIC INSURANCE PLC up 10.00% to close at N0.33.
BERGER PAINTS PLC up10.00% to close at N7.70.
MUTUAL BENEFITS ASSURANCE PLC up 10.00% to close at N0.22.