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Investors Spend N104.2b on 3.2b Shares in One Week

By Modupe Gbadeyanka

A total turnover of 3.195 billion shares worth N104.217 billion in 14,674 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.309 billion shares valued at N10.323 billion that exchanged hands last week in 13,042 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.784 billion shares valued at N7.932 billion traded in 9,129 deals; thus contributing 87.12 percent and 7.61 percent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 233.982 million shares worth N92.545 billion in 1,410 deals. The third place was occupied by Consumer Goods Industry with a turnover of 80.623 million shares worth N1.957 billion in 2,138 deals.

Trading in the Top Three Equities namely – Niger Insurance Co. Plc, Standard Trust Assurance Plc and

Continental Reinsurance Plc (measured by volume) accounted for 1.523 billion shares worth N1.145 billion in 76 deals, contributing 47.68 percent and 1.10 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 52,885 units of Exchange Traded Products (ETPs) valued at N425,464.25 executed in 19 deals compared with a total of 11,585 units valued at N144,678.50 transacted last week in 5 deals.

A total of 2,870 units of Federal Government Bonds valued at N2.638million were traded this week in 7 deals, compared with a total of 18,144 units valued at N17.555 million transacted last week in 12 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.24 percent and 0.25 percent respectively to close the week at 25,516.34 and N8.829 trillion respectively.

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

NSE Insurance Indices that depreciated by 1.00 percent and 0.75 percent respectively.

During the week, 36 equities appreciated in price during the week, higher than 16 equities of the previous week.

Also, 24 equities depreciated in price, lower than 35 equities of the previous week, while 117 equities remained unchanged lower than 126 equities recorded in the preceding week.


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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