By Modupe Gbadeyanka
It was a four-day trading session last week as the federal government declared Friday June 15 and Monday, June 18, 2018 public holidays to commemorate the Eid-al-Fitr celebrations.
Meanwhile, a total turnover of 1.097 billion shares worth N15.471 billion in 16,288 deals were traded during the week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.738 billion shares valued at N18.462 billion that exchanged hands the previous week in 14,790 deals.
It was observed that the Financial Services Industry measured by volume led the activity chart with 816.547 million shares valued at N9.425 billion traded in 9,263 deals; thus contributing 74.44 percent and 60.92 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 76.361 million shares worth N2.992 billion in 2,545 deals, while the third place was occupied by Oil and Gas industry with a turnover of 51.600 million shares worth N594.590 million in 1,744 deals.
Trading in the top three equities namely; United Bank for Africa, Zenith Bank and FBN Holdings measured by volume accounted for 325.580 million shares worth N4.854 billion in 3,381 deals, contributing 29.68 percent and 31.37 percent to the total equity turnover volume and value respectively.
The NSE All-Share Index and market capitalization depreciated by 2.74 percent to close the week at 37,862.53 and N13.716 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE Insurance Index that appreciated by 3.55 percent, while the NSE ASeM Index closed flat.
During the week, 25 equities appreciated in price, lower than 40 in the previous week, while 44 equities depreciated in price, higher than 28 equities of the previous week, and 100 equities remained unchanged lower than 101 equities recorded in the preceding week.
Also traded during the week were a total of 61 units of Exchange Traded Products (ETPs) valued at N899.80 executed in 7 deals, compared with a total of 62,392 units valued at N1.004 million that was transacted the previous week in 13 deals.
A total of 370 units of Federal Government valued at N371,261.96 were traded during the week in 3 deals, compared with a total of 9,850 units valued at N9.999 million transacted the previous week in 10 deals.
Adedapo Adesanya