Modupe Gbadeyanka
By Modupe Gbadeyanka
Last week, 759.3 million shares worth N14.0 billion were transacted by investors in 16,209 deals on the floor of the Nigerian Stock Exchange (NSE) compared with the 1.1 billion units valued at N11.4 billion traded the previous week in 16,346 deals.
It was observed that the financial services industry, measured by volume, led the activity chart with 495.7 million shares valued at N5.2 billion traded in 7,832 deals, contributing 65.28 percent and 36.68 percent to the total equity turnover volume and value respectively.
It was followed by the conglomerates sector with 68.3 million shares worth N136.9 million in 896 deals, and the ICT industry with a turnover of 53.9 million shares worth N4.7 billion in 849 deals.
According to data from the NSE, trading in Zenith Bank, GTBank and UBA accounted for 237.9 million shares worth N4.2 billion in 3,555 deals, contributing 31.33 percent and 30.05 percent to the total equity turnover volume and value respectively.
An analysis of the major market indicators revealed that the All-Share Index and market capitalisation depreciated by 1.038 percent and 1.032 percent to close the week at 27,630.46 points and N13.464 trillion respectively.
Similarly, all other indices finished lower with the exception of NSE ASeM and NSE Industrial Goods indices which appreciated by 0.17 percent and 0.98 percent respectively.
In the 5-day trading week, a total of 32 equities appreciated in price, higher than 31 equities in the previous week, while 27 equities depreciated in price, lower than 29 equities in the previous week, with 109 equities remaining unchanged, the same as 109 equities recorded in the preceding week.
