By Dipo Olowookere
A total turnover of 1.171 billion shares worth N11.458 billion in 13,763 deals were traded by investors this week on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.311 billion shares valued at N24.577 billion that exchanged hands last week in 27,836 deals.
The drop in the volume and value of transactions recorded might be attributed to the brief trading periods this week as the Federal Government declared Monday 26 and Tuesday 27, 2017 as public holidays to observe the end of the Holy Month of Ramadan and Eid al-Fitr celebrations.
But at the close of transactions yesterday, the All-Share Index (ASI) and the market capitalization appreciated by 3.10 percent to close the week at 33,117.48 basis points and N11.452 trillion respectively.
Similarly, all other indices finished higher during the week with the exception of the NSE Insurance Index, which depreciated by 0.07 percent to close at 137.86.
Business Post gathered that 40 equities appreciated in price during the week, higher than 23 equities of the previous week, while 28 equities depreciated in price, lower than 52 equities of the previous week, and 105 equities remained unchanged higher than 98 equities recorded in the preceding week.
An analysis of the activity chart this week showed that the Financial Services Industry, measured by volume, led with 899.307 million shares valued at N6.779 billion traded in 7,977 deals; thus contributing 76.78 percent and 59.16 percent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 111.022 million shares worth N189.462 million in 952 deals.
The third place was occupied by Consumer Goods Industry with a turnover of 56.912 million shares worth N2.373 billion in 2,055 deals.
Trading in the top three equities namely – United Bank for Africa Plc, Transnational Corporation of
Nigeria Plc and Access Bank Plc (measured by volume) accounted for 499.566 million shares worth N3.717 billion in 2,954 deals, contributing 42.65 percent and 32.44 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 869,680 units of Exchange Traded Products (ETPs) valued at N19.150 million executed in 16 deals compared with a total of 63,927 units valued at N841,330.04 transacted last week in 11 deals.
In addition, a total of 20 units of Federal Government Bonds valued at N16,486.85 were traded this week in 1 deal, compared with a total of 2,212 units valued at N2.098 million transacted last week in 7 deals.
Adedapo Adesanya