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Bullish sentiments prevailed among investors at the Nigerian Stock Exchange (NSE) for the second consecutive week as the All the Share Index – the NSE’s benchmark stock index – rose by 0.65 percent at end of trading on Friday, March 11th.

According to a report released by the NSE on Friday, the index rose to 25,988.40 points at the close of trading this week, compared to 25,820.10 points recorded last week.

The NSE’s market capitalization also rose 0.65 percent to close at N8.94 trillion this week, compared N8.882 trillion recorded last week.
 
On the gainers chart, the top five most appreciated stock this week were Tiger Branded Consumer Goods, which rose 59.3 percent to close at N2.74; Oando, which rose 53.3 percent to close at N5.35; Honeywell Flour Mill, which rose 25 percent to close at N1.8; Fidson Healthcare, which rose 19.57 percent to close at N2.75; and Flour Mills of Nigeria, which rose 18.03 percent to close at N20.16.

On the losers chart, the top five most depreciated stocks this week were Beta Glass Company, which fell 9 percent to close at N45.5; A.G. Leventis, which fell 5 percent to close at N0.76; Caverton Offshore Support, which fell 5 percent to close at N1.52; Union Dicon Salt, which fell 4.98 percent to close at N11.25; and Nigeria-German Chemicals, which fell 4.89 percent to close at N4.67.

The three most traded equities this week – Fidelity Bank, FCMB Holding, Zenith Bank – accounted for 427.854 million shares worth N1.646 in 2,795 deals, contributing 38.5 percent and 22.1 percent to the total equity turnover volume and value respectively.

The Financial Services industry led the activity chart this week, with 900.274 million shares valued at N3.826 billion traded in 10,216 deals. The sector contributed 81 percent of total equity turnover and 51.37 percent of total value.

The Conglomerates industry followed with 72.524 million shares worth N92.218 million in 703 deals. The third place was occupied by the Consumer Goods industry with a turnover of 52.498 million shares worth N1.901 billion in 2,262 deals.