Last week, investors made a N230 billion profit as the Nigerian stock market witnessed more equities build effective spikes.
The Nigerian Exchange Limited All-Share Index increased by 1.11 percent this week, closing at 39,156.28 and N20.41 trillion, respectively.
With the exception of NGX Insurance, NGX ASeM, and NGX Sovereign Bond, which declined by 4.12 percent, 2 percent, and 1.45 percent, respectively, all other indices finished higher, while the NGX Growth Index remained unchanged.
Investors on the floor of the Exchange transacted a total of 1.06 billion shares worth N12.8 billion in 17,854 deals last week, compared to a total of 1.08 billion shares worth N9.55 billion in 17,933 deals the week before.
The financial services industry (measured by volume) topped the activity chart, with 714.677 million shares worth N5.95 billion traded in 9,718 transactions, accounting for 67.53 percent of total stock turnover volume and 46.38 percent of total stock turnover value.
The consumer goods industry came in second, with 97.18 million shares worth N3.29 billion traded in 3,006 transactions.
The ICT industry came in third position, with a turnover of 75.99 million shares worth N583.72m in 679 deals.
The top three equities, Zenith Bank Plc, Sterling Bank Plc, and Fidelity Bank Plc (measured by volume), traded 261.34 million shares worth N2.71 billion in 2,862 deals, accounting for 24.70 percent of total stock turnover volume and 21.13 percent of total stock turnover value.
Thirty-five stocks rose in price this week, compared to 33 the previous week; 36 stocks fell in price, compared to 33 the week before; and 89 stocks were steady, compared to 94 the week before.
Last week, 5,335 units of bonds worth N5.35 million were traded in 10 transactions, compared to 91,560 units worth N96.35 million traded in 30 transactions the previous week.
1,026 units of exchange-traded products worth N160,140.75 were traded in eight deals, compared to 706 units worth N5.13 million exchanged in six deals the week before.