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42 stocks boost market, as NSE cap closes high

Also, 34 equities depreciated in prices lower than 51 equities of the preceding week, while 121 equities remained unchanged, higher than 120 equities of the…

Also, 34 equities depreciated in prices lower than 51 equities of the preceding week, while 121 equities remained unchanged, higher than 120 equities of the preceding week.
Union Dicon Salt Plc led others on the gainers chart with N1.43 kobo or N14.94 kobo per share to close at N11.00 kobo. It was followed by Costain (W/A) Plc with N0.11 kobo or 12.22 per cent to close at N1.01 kobo per share, while International Breweries Plc gained N3.12 kobo or 11.61 kobo per cent during the week to close at N30.00 kobo per share.
At the end of the week, market capitalization appreciated by 1.88 per cent to close at N12.661 trillion while the NSE All-Share Index increased by 1.88 per cent to close on Friday at 39,562.75.
Also  six of the NSE indices appreciated during the week: the NSE 30, NSE Consumer Goods, NSE Banking, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods indices rose by 1.43 per cent, 0.42 per cent,1.35 per cent,0.51 per cent, 1.99 per cent, and 2.97 per cent respectively. However, the NSE Insurance index slipped by 0.98 per cent to close lower at 148.00 while the NSE ASeM index remained unchanged.
Whereas,  a turnover of 2.726 billion shares worth N18.777 billion in 22,228 deals were traded last week by investors on the floor of the exchange in contrast to a total of 2.767 billion shares valued at N18.671 billion that exchanged hands last week in 24,007 deals. The financial Services Industry (measured by volume) led the activity chart with 2.211 billion shares valued at N11.720 billion traded in 11,483 deals; thus contributing 81.10 per cent and 62.42 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with a turnover of 303.055 million shares worth N1.387 billion in 1,792 deals; contributing 11.12 per cent and 7.39 per cent to the total equity turnover volume and value respectively.
The third place was occupied by the consumer goods industry with 84.149 million shares worth N3.399 billion in 4,300 deals.
Trading in the top three equities namely, FCMB Group Plc, Unity Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 1.538 billion shares worth N3.638 billion in 2,655 deals, contributing 56.44 per cent and 19.38 per cent to the total equity turnover volume and value respectively.

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