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Investors Trade Three Billion Shares Worth N40b in Five Days

By Dipo Olowookere

On the floor of the Nigerian Stock Exchange (NSE) last week, investors traded a total of 3.079 billion shares worth N39.990 billion executed in 23,086 deals.

This was in contrast to a total of 2.170 billion equities valued at N39.087 billion transacted the previous week in 24,657 deals.

According to data released by the market regulator, the Financial Services Industry (measured by volume) led the activity chart with 2.288 billion shares valued at N29.585 billion traded in 13,188 deals; thus contributing 74.30 percent and 73.98 percent to the total equity turnover volume and value respectively.

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The Oil and Gas Industry followed with 386.811 million shares worth N1.273 billion in 1,573 deals, while the third place was occupied by Consumer Goods Industry with a turnover of 205.245 million shares worth N5.803 million in 4,959 deals.

Trading in the top three equities namely; Access Bank, Capital Oil and Zenith Bank measured by volume accounted for 1.677 billion shares worth N20.413 billion in 2,476 deals, contributing 54.48 percent and 51.05 percent to the total equity turnover volume and value respectively.

Also during the week, the All-Share Index and market capitalization appreciated by 0.68 percent to close the week at 43,167.86 points and N15.508 trillion respectively.

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Similarly, all other indices finished higher during the week with the exception of the NSE Premium, NSE ASeM, NSE Banking and NSE Insurance Indices that depreciated by 0.25 percent, 1.76 percent, 1.08 percent and 0.74 percent respectively.

In addition, 45 equities appreciated in price during the week, higher than 38 of the previous week, while 40 shares declined in price, lower than 45 equities of the previous week, and 87 equities remained unchanged lower than 89 equities recorded in the preceding week.

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Also traded during the week were a total of four units of Exchange Traded Products (ETPs) valued at N22,400 executed in one deal, compared with a total of 50,547 units valued at  N4.593 million transacted the previous week in 12 deals.

Furthermore, a total of 2,823 units of Federal Government Bonds valued at N2.642 million were traded in the week in 21 deals, compared with a total of 6,574 units valued at N6.332 million transacted a week earlier in 31 deals.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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