Modupe Gbadeyanka
By Modupe Gbadeyanka
A total turnover of 1.309 billion shares worth N10.323 billion in 13,042 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.029 billion shares valued at N7.980 billion that exchanged hands last week in 13,441 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.139 billion shares valued at N6.028 billion traded in 7,518 deals; thus contributing 87.01 percent and 58.39 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 71.209 million shares worth N2.306 billion in 2,261 deals.
The third place was occupied by Services Industry with a turnover of 29.390 million shares worth N24.594 million in 258 deals.
Trading in the Top Three Equities namely – Continental Reinsurance Plc, Custodian And Allied Insurance Plc and FBN Holdings Plc (measured by volume) accounted for 565.746 million shares worth N1.450 billion in 914 deals, contributing 43.22 percent and 14.04 percent to the total equity turnover volume and value respectively.
During the week, 16 equities appreciated in price, lower than 31 equities of the previous week, while 35 equities depreciated in price, higher than 22 equities of the previous week and 126 equities remained unchanged higher than 124 equities recorded in the preceding week.
The All-Share Index and Market Capitalization depreciated by 0.77 percent and 0.80 percent respectively to close the week at 25,454.93 and N8.807 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE Lotus and NSE Industrial Goods Indices that appreciated by 0.35 percent and 5.14 percent while the ASEM Index closed flat.
Also traded during the week were a total of 11,585 units of Exchange Traded Products (ETPs) valued at N144,678.50 executed in 5 deals compared with a total of 20 units valued at N90.90 transacted last week in 2 deals.
