Investors Stake N32b on 2.7m Shares in 5 Days
By Modupe Gbadeyanka
Investors in the Nigerian capital market on renewed confidence staked N32.042 billion on 2.737 billion shares executed in 32,217 deals during the just concluded five-day trading week.
This was against the N29.180 billion spent on 3.100 billion shares the previous week, which were transacted in 33,677deals.
During the week, the Financial Services Industry, measured by volume, led the activity chart with 2.189 billion shares valued at N21.792 billion traded in 18,832 deals; thus contributing 79.98 percent and 68.01 percent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 287.945 million shares worth N621.772 million in 2,031deals, while the third place was occupied by Consumer Goods Industry with a turnover of 114.832 million shares worth N5.370 billion in 5,040 deals.
Trading in the Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 918.046 million shares worth N10.324 billion in 5,809 deals, contributing 33.53 percent and 32.22 percent to the total equity turnover volume and value respectively.
Also during the week, 38 equities appreciated in price, lower than 59 equities of the previous week, while 42 equities depreciated in price, higher than 21 equities of the previous week, and 93 equities remained unchanged same as 93 equities recorded in the preceding week.
Furthermore, the All-Share Index and Market Capitalization appreciated by 1.60 percent and 1.63 percent to close the week at 33,810.56 and N11.692 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods Indices that depreciated by 0.32 percent, 4.20 percent, 0.71 percent, and 0.28 percent respectively.
Also traded during the week were a total of 16,300 units of Exchange Traded Products (ETPs) valued at N973,376.00 executed in 3 deals compared with a total of 40.317 million units valued at N178.841 million transacted last week in 12 deals.
In addition, a total of 12,193 units of Federal Government Bonds valued at N12.440 million were traded in the week in 14 deals, compared with a total of 10,860 units valued at N10.196 million transacted last week in 10 deals.