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Nigerian equity market gains 0.52% this week

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Investors showed renewed interest in the Nigerian equity market this week, causing it to appreciate 0.52per cent after three successive rallies.

The All-Share Index (ASI) increased 0.52 per cent to close the week at 26,991.42, while Market Capitalization was down 0.34 per cent to close at N13.027 trillion.

The ASI and Market Capitalization rose 0.44 per cent on Friday, having added 119.33 absolute points and N57.60 billion respectively.

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The consumer goods sector which increased 6.02 per cent this week led other indices in the rally, except Premium, Banking, AFR Bank Value and industrial goods indices which declined by 0.49 per cent, 0.86 per cent 0.28 per cent and 2.25 per cent respectively.

Investors traded a total of 1.416 billion shares worth N17.249 billion in 20,303 deals were traded this week, -32.05 per cent lower than the 2.084 billion shares valued at N33.867 billion that exchanged hands last week in 21,849 deals.

The Financial Services industry led the activity chart in terms of volume with 880.236 million shares valued at N8.089 billion traded in 12,488 deals; thus contributing 62.15% and 46.90% to the total equity turnover volume and value respectively.

UACN Plc, FBN Holdings Plc and Access Bank Plc were the most active equities (measured by volume) accounted for 554.855 million shares worth N4.310 billion in 4,113 deals, contributing 39.18 per cent and 24.98 per cent to the total equity turnover volume and value respectively.

 

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