Modupe Gbadeyanka
By Modupe Gbadeyanka
A total turnover of 1.290 billion shares worth N13.873 billion were traded in 17,307 deals last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.752 billion equities valued at N19.681 billion exchanged the previous week in 22,319 deals.
A breakdown of these trades showed that the financial stocks led the activity chart by volume with 1.084 billion units sold for N11.612 billion in 11,169 deals, contributing 84.06 percent and 83.70 percent to the total equity turnover volume and value respectively.
Data from the NSE showed that the equities in the conglomerates sector followed with 57.699 million shares worth N93.347 million in 810 deals, while the third place was taken by shares in the consumer goods space with a turnover of 56.938 million units valued at N938.881 million execute in 2,627 deals.
Trading in the top three equities; Zenith Bank, Diamond Bank and FBN Holdings, measured by volume, accounted for 460.632 million shares worth N5.754 billion in 4,087 deals, contributing 35.70 percent and 41.47 percent to the total equity turnover volume and value respectively.
During the week, 24 equities appreciated in price, lower than 26 in the previous week, while 37 counters depreciated in price, lower than 38 equities of the previous week, with 107 stocks remaining unchanged higher than 104 equities recorded in the preceding week.
An analysis of the major market indices indicated that the All-Share Index and market capitalisation appreciated by 0.31 percent to close at 31,924.51 points and N11.905 trillion respectively.
Similarly, all other indices finished higher with the exception of the NSE Insurance, NSE Consumer Goods, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods indices which depreciated by 1.30 percent, 1.02 percent, 2.56 percent, 1.09 percent and1.72 percent respectively.
Also traded during the week were a total of 2,971 units of Exchange Traded Products (ETPs) valued at N766,883.30 executed in 7 deals compared with a total of 101,254 units valued at N577,835.06 that was transacted a week earlier in 19 deals.
In addition, a total of 15,496 units of Federal Government Bonds valued at N15.750 million were traded in the week in 12 deals compared with a total of 25,740 units valued at N26,597 million transacted the previous week in 22 deals.
