Nigerian stock market on a flawless bullish run, crude oil boost triggers rally

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A total turnover of 1.718 billion shares worth N18.849 billion in 26,367 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 926.418 million shares valued at N9.768 billion that exchanged hands last week in 20,910 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.273 billion shares valued at N11.362 billion traded in 13,808 deals; thus contributing 74.08% and 60.28% to the total equity turnover volume and value respectively.

GTBank 728 x 90

The NSE All-Share Index and Market Capitalization both appreciated by 5.59% to close the week at 25,204.75 and N13.136 trillion respectively.

55 equities appreciated in price during the week, higher than 32 equities in the previous week. 8 equities depreciated in price, lower than 28 equities in the previous week, while 100 equities remained unchanged, lower than103 equities recorded in the preceding week.

Top 10 gainers for the week

UNILEVER NIGERIA PLC up 33.86% to close at N17.00.

RED STAR EXPRESS PLC up 26.67% to close at N3.80.