Investors Trade 1.4b Shares Worth N19.6b in Five Days

By Modupe Gbadeyanka

A total turnover of 1.415 billion shares worth N19.644 billion in 20,659  deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.765 billion shares valued at N26.562 billion that exchanged hands last week in 20,265 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.136 billion shares valued at N12.336 billion traded in 12,240 deals; thus contributing 80.26 percent and 62.80 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 103.975 million shares worth N5.723 billion in 3,369 deals, while the third place was occupied by Oil and Gas Industry with a turnover of 51.007 million shares worth N436.610 million in 1,417 deals.

Trading in the Top Three Equities namely – Zenith Bank Plc, Sovereign Trust Insurance Plc, and Skye Bank Plc (measured by volume) accounted for 437.704 million shares worth N5.609 billion in 2,659 deals, contributing 30.93 percent and 28.55 percent to the total equity turnover volume and value respectively.

The NSE All-Share Index and Market Capitalization appreciated by 0.21 percent to close the week at 40,928.70 and N14.784 trillion respectively.

Similarly, all other indices finished higher with the exception NSE CG, NSE-Main Board, NSE 30, NSE Banking, NSE Insurance, NSE Consumer Goods and NSE Pension indices that depreciated by 1.04 percent, 0.23 percent, 0.44 percent, 2.22 percent, 0.76 percent, 0.69 percent and 0.33 percent respectively while the NSE ASeM Index closed flat.

During the week, 37 equities appreciated in price, higher than 19 of the previous week, while 38 shares depreciated in price, lower than 53 equities of the previous week, and 94 stocks remained unchanged lower than 99 equities recorded in the preceding week.

Also traded during the week were a total of 616,587 units of Exchange Traded Products (ETPs) valued at N9.185 million executed in 21 deals, compared with a total of 125,282 units valued at N2.835 million that was transacted last week in 11 deals.

In addition, a total of 2,500 units of Federal Government Bonds valued at N2.367 million were traded this week in 10 deals, compared with a total of 4,457 units valued at N4.247 million transacted last week in 13 deals.