Dipo Olowookere
By Dipo Olowookere
A total of 1.3 billion equities worth N20.4 billion were traded by investors on the floor of the Nigerian Stock Exchange (NSE) last week in 15,088 deals. This was against the 1.454 billion units transacted the previous week in 16,682 deals valued at N15.3 billion.
According to data released by the NSE, the Financial Services sector, measured by volume, led the activity chart with 1.1 billion shares valued at N12.7 billion traded in 8,397 deals, contributing 85.38 percent and 62.59 percent to the total equity turnover volume and value respectively.
This was followed by the Consumer Goods sector with 83.2 million shares worth N3.3 billion in 2,888 deals, while the third place was occupied by the Conglomerates industry with a turnover of 32.8 million shares worth N109.9 million in 654 deals.
During the week, trading in the top three equities were First City Monument Bank, Guaranty Trust Bank and Zenith Bank, which by volume accounted for 670.3 million shares worth N11 billion in 2,768 deals, contributing 52.90 percent and 54.16 percent to the total equity turnover volume and value respectively.
The NSE All-Share Index and market capitalization depreciated by 2.38 percent to close the week at 32,124.94 points and N11.728 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE ASeM index that closed flat.
During the week, 18 equities appreciated in price, lower than 26 in the previous week, while 50 equities depreciated in price, higher than 42 of the previous week, and 101 equities remained unchanged, same with 101 equities recorded in the preceding week.
Also traded during the week were a total of 15,168 units of Exchange Traded Products (ETPs) valued at N216,251 executed in 9 deals compared with a total of 280,563 units valued at N3.385 million that was transacted a week earlier in 10 deals.
Furthermore, a total of 14,581 units of Federal Government Bonds valued at N14.472 million were traded in the week in 34 deals compared with a total of 20,430 units valued at N20.729 million transacted the previous week in 45 deals.
