The All-Share Index (ASI) of the Nigeria Stock Exchange increased to 39,216.20 last week, ending a period of continued downturn and favouring investors. A total of 1.530 billion shares worth N21.31 billion in 20,016 deals were traded as against the 2.342 billion shares worth N19.272 billion in 20,173 deals traded the week before the last.
The Financial Services Industry(FSI) led the chart with 1.096 billion shares valued at N12.294 billion in 11.106 deals. According to a weekly report of the market made available by the Nigerian Stock Exchange(NSE), the FSI contributed 71.7 per cent to the naira worth of shares and 57.7 per cent to the deals made. The Consumer Goods Industry was in second place with 177.7 million shares worth N3.58 billion in 3,139 deals and the third place was Conglomerates Industry with a turnover of 99.609 million shares worth N216.997 million in 856 deals. 48 equities appreciated in price last week and 18 equities depreciated. 96 equities remained unchanged.
Top three gainers were Stanbic IBTC Holdings, Julius Berger Nigeria and Guinness Nigeria. Stanbic IBTC Holdings opened at N40 and closed at N52 gaining by 30 per cent while Julius Berger Nigeria opened at N17 and closed at N20.55 gaining by 20.9 per cent and Guinness Nigeria opened at N25.30 at the beginning of the week but closed at N30 gaining by 18.6 per cent. Other gainers on the market were U.A.C Nigeria which changed 16 per cent, John Holt changed by 15.22 per cent, Sterling Bank changed by 13.42 per cent, Glaxo SmithKline Consumer Nigeria changed by 13.39 per cent, NPF Microfinance Bank changed by 11.80 per cent, International Breweries changed by 11.76 per cent and UPDC Real Estate Investment Trust changed by 9.80 per cent.
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