The Nigerian Stock Exchange All-Share-Index (NSEASI) experienced a positive rise despite it being a 4-day week because of the June 12 holiday today Friday. A total turnover of 1.103 billion shares worth ₦9.876 billion in 16,616 deals were traded this week by investors on the floor of the Exchange, as the Nigerian Stock Exchange All-Share-Index rose by 0.67%. Neimeth International Pharmaceutical PLC, Royal Exchange PLC, Associated Bus Company PLC, Prestige Assurance PLC, Linkage Assurance PLC, Consolidated Hallmark Insurance PLC, WAPIC Insurance PLC, Berger Paint PLC, Mutual Benefits Assurance PLC, and Unity Glass PLC; were the top ten gainers for the week starting 8th of June to 11th of June 2020.

The Nigerian Stock Exchange said in their weekly report, “It was a four-day trading week as the Federal Government of Nigeria declared Friday 12th June 2020 as Public Holiday to mark the Democracy Day celebration. Meanwhile, a total turnover of 1.103 billion shares worth N9.876 billion in 16,616 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.469 billion shares valued at N23.553 billion that exchanged hands last week in 22,911 deals.
The Financial Services industry (measured by volume) led the activity chart with 814.292 million
shares valued at N7.186 billion traded in 8,352 deals; thus contributing 73.82% and 72.76% to the
total equity turnover volume and value respectively. The Oil and Gas industry followed with 66.78 million shares worth N143.050 million in 1,044 deals. The third place was the Consumer Goods industry, with a turnover of 57.842 million shares worth N1.022 billion in 2,559 deals.
Trading in the top three equities namely Mutual Benefits Assurance Plc, Guaranty Trust Bank Plc
and FBN Holdings Plc. (measured by volume) accounted for 485.307 million shares worth N5.048
billion in 2,683 deals, contributing 44.00% and 51.11% to the total equity turnover volume and
value respectively.”

The recent trend is indicative of the attention both the pharmaceutical industry and insurance are attracting as the society continues to battle with Covid-19. The steep climb in the volume of trade in the banking sector of course is understandable as banks resume to normal operations. It is hopeful that economic and financial activities will survive the contraction that has been experienced since March.

Download the full report, statistics, tables, charts and analysis from the website of the NSE by going through this link.