Nigerian equity has sustained rally for two consecutive weeks

The Nigerian Stock market closed the trading session for the week on positive note, as All-Share Index appreciated by 0.35% to close the week at 25,309.37.

Market capitalization stands at N13.203 trillion, and investors gained N154.43 billion WoW.

Turnover of 1.072 billion shares worth N7.384 billion in 16,684 deals were traded within the week by investors.

This as opposed to a total of 950.414 million shares valued at N10.123 billion traded last week in 16,647 deals.

Volume wise, the Financial Services industry led the activity chart with 586.761 million shares valued at N4.022 billion traded in 8,483 deals; thus contributing 54.76% and 54.47% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 307.744 million shares worth N799.159 million in 1,010 deals. In the third place was the Consumer Goods industry, with a turnover of 50.170 million shares worth N968.272 million in 3,018 deals.

Trading in the top three equities, namely Transnational Corporation of Nigeria Plc, UACN Plc, and United Bank for Africa Plc (measured by volume), accounted for 396.337 million shares worth N1.373 billion in 1,845 deals, contributing 36.99% and 18.59% to the total equity turnover volume and value respectively.

29 equities appreciated in price during the week, lower than 31 equities in the previous week. 36 equities depreciated in price, higher than 27 equities in the previous week, while 98 equities remained unchanged, lower than 105 equities recorded in the previous week.

Top 10 gainers for the week
UNIVERSITY PRESS PLC up 31.45% to close at N1.63
FTN COCOA PROCESSORS PLC up 20.00% to close at N 0.24
CHAMPION BREW. PLC up 19.23% to close at N0.93
NEM INSURANCE PLC up 14.97% to close at N2.15
P Z CUSSONS NIGERIA PLC up 9.09% to close at N4.20
UNITY BANK PLC up 7.69% to close at N0.56
AXAMANSARD INSURANCE PLC up 7.60% to close at N1.84
UNILEVER NIGERIA PLC up 7.53% to close at N15.00
WAPIC INSURANCE PLC up 6.06% to close at N0.35
FCMB GROUP PLC up 5.91% to close at N2.15
Top 10 losers for the week
BETA GLASS PLC down 9.99% to close at N55.40
ARBICO PLC down 9.52% to close at N1.14
C & I LEASING PLC down 9.09% to close at N4.00
CONSOLIDATED HALLMARK INSURANCE PLC down 8.11% to close at N0.34
CUTIX PLC down 7.89% to close at N1.75
FIDSON HEALTHCARE PLC down 7.25% to close at N3.71
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC down 7.00% to close at N1.86
GUINNESS NIG PLC down 6.91% to close at N14.15
AFRICA PRUDENTIAL PLC down 6.67% to close at N4.20
TRANSNATIONAL CORPORATION OF NIGERIA PLC down 6.56% to close at N0.57