Investors Trade 1.05b Shares Worth N8.03b This Week

February 11, 2017
Investors Trade 1.05b Shares Worth N8.03b This Week

Investors Trade 1.05b Shares Worth N8.03b This Week

By Modupe Gbadeyanka

A total turnover of 1.052 billion shares worth N8.031 billion in 13,586 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE).

This is in contrast to a total of 1.153 billion shares valued at N8.032 billion that exchanged hands last week in 12,783 deals.

It was observed that the Financial Services Industry (measured by volume) led the activity chart with 905.319 million shares valued at N3.399 billion traded in 7,501 deals; thus contributing 86.03 percent and 42.32 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 43.996 million shares worth N70.390 million in 581 deals. The third place was occupied by Consumer Goods Industry with a turnover of 30.487 million shares worth N1.767 billion in 2,565 deals.

Trading in the top three equities namely – AIICO Insurance Plc, Fidelity Bank Plc and Diamond Bank

Plc (measured by volume) accounted for 367.616 million shares worth N277.747 million in 895 deals, contributing 34.95 percent and 3.46 percent to the total equity turnover volume and value respectively.

The All-Share Index and Market Capitalization depreciated by 1.38% and 1.79% to close the week at 25,340.02 and N8.770 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception of the NSE Banking and

NSE Insurance Indices that appreciated by 0.44 percent and 0.90 percent respectively, while the NSE ASeM Index closed flat.

Also, 19 equities appreciated in price during the week, lower than 23 equities of the previous week.

Thirty-eight equities depreciated in price, higher than 37 equities of the previous week, while 119 equities remained unchanged higher than 115 equities recorded in the preceding week.

During the trading week also, a total of 200 units of Exchange Traded Products (ETPs) valued at N338,007.70 executed in 8 deals were transacted, compared with a total of 310 units valued at N19,292.65 transacted last week in 8 deals.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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