By Dipo Olowookere
In the last trading week at the Nigerian Stock Exchange (NSE), the financial services industry, measured by volume, led the activity chart.
The sector, Business Post gathered, led with a total of 1.783 billion shares valued at N15.865 billion were traded by investors in 15,948 deals.
This, the NSE said, represented 77.17 percent and 64.55 percent to the total equity turnover volume and value respectively.
The conglomerates industry claimed the second spot with 239.226 million shares worth N571.910 million in 1,251 deals, while the third place was occupied by the consumer goods industry with a turnover of 85.663 million shares worth N4.522 billion in 3,673 deals.
In all, a total turnover of 2.311 billion shares worth N24.577 billion in 27,836 deals were traded this week by investors on the floor of the NSE in contrast to a total of 2.737 billion shares valued at N32.042 billion that exchanged hands last week in 32,217 deals.
Trading in the top three equities namely – Zenith International Bank Plc, Transnational Corporation of Nigeria Plc and FBN Holdings Plc (measured by volume) accounted for 665.483 million shares worth N6.695 billion in 5,649 deals, contributing 28.80 percent and 27.24 percent to the total equity turnover volume and value respectively.
In addition, the NSE All-Share Index and Market Capitalization depreciated by 4.99 percent to close the week at 32,122.14 and N11.108 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE ASeM Index, which appreciated by 0.08 percent respectively.
In the week, 23 equities appreciated in price, lower than 38 equities of the previous week and 52 equities depreciated in price, higher than 42 equities of the previous week, while 98 equities remained unchanged higher than 93 equities recorded in the preceding week.
Also traded during the week were a total of 63,927 units of Exchange Traded Products (ETPs) valued at N841,330.04 executed in 11 deals compared with a total of 16,300 units valued at N973,376.00 transacted last week in 3 deals.
Furthermore, a total of 2,212 units of Federal Government Bonds valued at N2.098 million were traded this week in 7 deals, compared with a total of 12,193 units valued at N12.440 million transacted last week in 14 deals.
Activities will resume next week at the stock exchange on Wednesday, June 28, 2017, due to the public holiday declared by the Federal Government on Monday and Tuesday to mark the end of Ramadan by Muslims.
