By Dipo Olowookere
Investors at the Nigerian Stock Exchange (NSE) traded a total of 751.6 million financial stocks worth N6.4 billion last week in 8,086 deals. This made the financial services sector to lead the activity in the trading week and contribute 68.53 percent and 38.43 percent to the total equity turnover volume and value respectively.
Following were the consumer goods industry with 141.5 million shares worth N8.5 billion in 2,427 deals and the conglomerates sector with a turnover of 101.8 million shares worth N203.2 million in 956 deals.
Access Bank, Nigerian Breweries and Custodian Investment accounted for 494.7 million shares worth N9.0 billion in 2,137 deals, contributing 45.11 percent and 53.64 percent to the total equity turnover volume and value respectively.
In all, investors traded a total of 1.1 billion shares worth N16.7 billion in 14,717 deals in contrast to a total of 1.3 billion equities valued at N18.8 billion that exchanged hands the previous week in 19,482 deals.
During the week, the All-Share Index and market capitalization both depreciated by 0.09 percent to close the week at 27,675.04 points and N13.472 trillion respectively.
All other indices finished higher with the exception of NSE All-Share, NSE CG, NSE Premium, NSE Banking, NSEAFR Bank Value, NSE AFR Div Yield, NSE MERI Growth and NSE Industrial Goods Indices which depreciated by 0.09 percent, 0.01 percent, 0.99 percent, 1.64 percent, 1.94 percent, 1.25 percent, 1.15 percent and 1.83 percent respectively while the NSE ASeM index closed flat.
Data gathered by Business Post from the NSE showed that a total of 22 equities appreciated in price during the week, lower than 38 shares in the previous week, while 42 shares depreciated in price, higher than 29 stocks of the previous week, with 102 equities remaining unchanged, higher than 99 shares in the preceding week.
