By Modupe Gbadeyanka
It was a four-day trading week as the Federal Government of Nigeria declared Monday, May 1, 2017 as public holiday to mark the 2017 Workers’ Day Celebration.
During the period, a total turnover of 1.154 billion shares worth N10.439 billion in 16,676 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.333 billion shares valued at N9.671 billion that exchanged hands the previous week in 16,300 deals.
It was observed that the Financial Services Industry (measured by volume) led the activity chart with 813.016 million shares valued at N6.904 billion traded in 10,298 deals; thus contributing 70.45% and 66.13% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 106.566 million shares worth N1.063 billion in 1,356 deals, while the third place was occupied by Services Industry with a turnover of 90.940 million shares worth N188.204 million in 660 deals.
Trading in the Top Three Equities namely – Zenith International Bank Plc, FBN Holdings Plc and Oando Plc (measured by volume) accounted for 385.893 million shares worth N3.816 billion in 4,005 deals, contributing 33.44% and 36.55% to the total equity turnover volume and value respectively.
Also during the week, the NSE All-Share Index and Market Capitalization appreciated by 1.85% and 1.75% to close at 26,235.63 and N9.069 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception the NSE Insurance and NSE Industrial Goods Indices that depreciated by 0.09% and 1.04% respectively while the NSE ASeM Index closed flat.
A total of 43 equities appreciated in price during the week, higher than 38 equities of the previous week, while 16 equities depreciated in price, lower than 25 equities of the previous week and 114 equities remained unchanged same as 114 equities recorded in the preceding week.
It was further gathered that a total of 20 units of Exchange Traded Products (ETPs) valued at N110,000 executed in 1 deal were transacted by investors compared with a total of 533 units valued at N32,204.30 transacted the previous week in 15 deals.
