Modupe Gbadeyanka
By Modupe Gbadeyanka
For the first time in some weeks, transactions on the floor of the Nigerian Stock Exchange (NSE) ended in the green territory.
The NSE All-Share Index (ASI) and market capitalisation appreciated by 0.39 percent to close the week at 29,966.87 points and N13.206 trillion respectively.
Similarly, all other indices finished higher with the exception of the NSE Premium, NSE Insurance,
NSE-AFR Bank Value, NSE AFR Div Yield, NSE MERI Value and NSE Industrial Goods, which depreciated by 0.58 percent, 1.51 percent, 0.54 percent, 0.75 percent, 2.71 percent and 0.04 percent respectively. However, the NSE ASeM Index finished flat.
During the week, a total turnover of 1.8 billion shares worth N28 billion in 18,660 deals were traded by investors in contrast to a total of 7.5 billion shares valued at N91.1 billion that exchanged hands the previous week in 17,192 deals.
Leading the activity chart during the trading week was financial stocks with 1.3 billion equities valued at N17.9 billion executed in 8,783 deals, contributing 75.44 percent and 63.82 percent to the total equity turnover volume and value respectively.
Stocks in the consumer goods sector followed with 115.8 million shares worth N5.3 billion in 2,969 deals, while industrial goods equities recorded a turnover of 90.7 million shares valued at N1.7 billion in 1,991 deals.
A further analysis indicated that trading in Zenith Bank, GTBank and Wema Bank accounted for 840.9 million shares worth N15.3 billion in 2,938 deals, contributing 47.49 percent and 54.45 percent to the total equity turnover volume and value respectively.
A total of 36 equities appreciated in price during the week, higher than 34 in the previous week, while 32 equities depreciated in price, lower than 33 equities in the previous week, with 100 equities remaining unchanged, lower than 101 equities recorded in the preceding week.
Also traded in the week were 505,460 units of Exchange Traded Products (ETPs) valued at N39.278 million in 27 deals compared with a total of 662 units valued at N990,530.00 that was transacted a week earlier in 4 deals.
In addition, a total of 47,212 units of Federal Government Bonds valued at N49.976 million were traded last week in 34 deals compared with a total of 21,682 units valued at N22.552 million transacted the previous week in 29 deals.
