Investors Trade N23b Shares in 5 Days, Index Sheds 1.63%

September 3, 2018
NSE All-Share Index

By Modupe Gbadeyanka

Last week, the Nigerian Stock Exchange (NSE) recorded a total turnover of 1.533 billion shares worth N23.026 billion carried out in 17,009 deals compared with the 968.947 million shares valued at N10.246 billion transacted the previous week in 9,654 deals.

During the week, the Financial Services industry, measured by volume, led the activity chart with 1.218 billion shares valued at N12.634 billion traded in 10,132 deals, contributing 79.42 percent and 54.87 percent to the total equity turnover volume and value respectively.

The Conglomerates sector followed with 70.807 million shares worth N120.611 million in 803 deals, while the third place was occupied by Consumer Goods industry with a turnover of 58.505 million shares worth N3.422 billion in 2,624 deals.

Trading in the top three equities namely; Nem Insurance Plc, Diamond Bank Plc and United Bank for Africa Plc, measured by volume, accounted for 512.615 million shares worth N1.928 billion in 1,818 deals, contributing 33.44 percent and 8.38 percent to the total equity turnover volume and value respectively.

Business Post reports that the All-Share Index and market capitalization depreciated by 1.63 percent to close the week at 34,848.45 and N12.722 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE Consumer Goods and NSE Oil and Gas indices that rose by 0.34 percent and 0.97 percent respectively, while NSE ASeM Index closed flat.

A total of 37 equities appreciated in price during the week, higher than 15 in the previous week, while 34 shares depreciated in price, lower than 45 equities of the previous week, and 98 equities remained unchanged, lower than 109 equities recorded in the preceding week.

Also traded during the week were a total of 2,422 units of Exchange Traded Products (ETPs) valued at N3.752 million executed in 15 deals, compared with a total of 9,205 units valued at N201,119.15 that was transacted the previous week in 4 deals.

In addition, a total of 42,158 units of Federal and State Government Bonds valued at N42.397 million were traded last week in 25 deals compared with a total of 152,741 units valued at N179.381 million transacted a week earlier in 13 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.

Leave a Reply

Fidson
Previous Story

Analysts Advise Investors to Buy Fidson Shares

Tonye Cole Quits Sahara Group Board to Join Politics
Next Story

Tonye Cole Quits Sahara Group Board to Join Politics

Latest from Economy

Don't Miss