Dipo Olowookere
By Dipo Olowookere
Last week, a total turnover of 1.340 billion shares worth N8.903 billion in 15,733 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.117 billion shares valued at N9.041 billion that exchanged hands the previous week in 16,482 deals.
The Financial Services Industry, measured by volume, led the activity chart with 1.107 billion shares valued at N3.918 billion traded in 9,429 deals; thus contributing 82.56 percent and 44.01 percent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 74.790 million shares worth N82.353 million in 584 deals, while the third place was occupied by Consumer Goods Industry with a turnover of 47.603 million shares worth N1.466 billion in 2,463 deals.
Trading in the Top Three Equities namely – Fidelity Bank Plc, Continental Reinsurance Plc and Diamond Bank Plc (measured by volume) accounted for 550.669 million shares worth N576.849 million in 1,558 deals, contributing 41.08 percent and 6.48 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 44 units of Exchange Traded Products (ETPs) valued at N79,568.30 executed in 12 deals, compared with a total of 2,443 units valued at N730,619.05 transacted the previous week in 23 deals.
Likewise, a total of 6,449 units of Federal Government Bonds valued at N6.652million were traded this week in 9 deals, compared with a total of 5,200 units valued at N5.004 million transacted the preceding week in 5 deals.
The NSE All-Share Index and Market Capitalization depreciated by 0.39 percent to close the week at 26,223.54 and N9.023 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE Banking, NSE Insurance, NSE Pension indices that appreciated by 1.80 percent, 1.00 percent and 0.19 percent respectively while the NSE ASem Index closed flat
Also during the week, 30 equities appreciated in price, lower than 31 equities of the previous week, while 27 equities depreciated in price, lower than 34 equities of the previous week, and 118 equities remained unchanged higher than 110 equities recorded in the preceding week.
