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The main index of the Nigerian Stock Exchange – the All Share Index – rose marginally by 0.09 per cent at the end of the trading week on Friday, October 14, after depreciating by 1.77 per cent in the previous week.

According to the weekly stock market report released by the NSE on Friday, the index rose to 27,861.03 points from 27,835.22 points recorded last week. On a year-to-date basis, the index has lost 2.73 per cent of its value. Market capitalization also rose by 0.09 points to N9.570 trillion.

On the gainer’s chart, the most appreciated stocks this week were: 7-UP Bottling Company, which rose 13.67 per cent to close at N158; FCMB Group, which appreciated by 8.41 per cent to N1.16; Champion Breweries rose 8.37 per cent to close at N2.72; United Capital’s stock appreciated by 7.26 per cent to N2.51; and Fidelity Bank, which closed the week at 94 kobo, having appreciated by 6.82 per cent.

On the loser’s chart, the most depreciated stocks were: UACN Property Development Company, which fell 13.67 per cent to close at N3.41; Lafarge Africa, which declined by 9.96 per cent to N42.5; E-Transact International, which fell 9.67 per cent to N5.14; Forte Oil dropped 9.24 per cent to N145.12; and Pharma-Deko, which fell 9.09 per cent to close at N1.70.

The Financial Services Industry led the activity chart with 1.022 billion shares valued at N5.890 billion and were traded in 8,812 deals. The sector contributed 87.93 per cent and 63.68 per cent to the total equity turnover volume and value, respectively. The Conglomerates Industry followed with 61.569 million shares which were traded in 633 deals and worth N141.308 million. In third place was the Consumer Goods Industry with a turnover of 33.086 million shares worth N2.017 billion and were traded in 2,642 deals.

The top three most traded equities – Access Bank, Diamond Bank, and United Bank of Nigeria – accounted for 522.737 million shares, which were traded in 1,914 deals, and valued at N1.951 billion. The equities contributed 44.95 per cent and 21.09 per cent to the total equity turnover volume and value, respectively.