Investors Trade 960.9m Shares Valued at N18.3b in 5 Days
By Dipo Olowookere
A total turnover of 960.9 million shares worth N18.3 billion in 16,896 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 892.7 million equities valued at N13.1 billion that exchanged hands the previous week in 15,607 deals.
The Financial Services Industry (measured by volume) led the activity chart with 774.1 million shares valued at N9.2 billion traded in 10,637 deals, contributing 80.56 percent and 50.44 percent to the total equity turnover volume and value respectively.
The Conglomerates industry followed with 54.8 million shares worth N80.1 million in 740 deals, while the third place was Consumer Goods sector with a turnover of 43 million shares worth N3.3 billion in 2,468 deals.
Trading in the top three equities; Guaranty Trust Bank, Zenith Bank and Access Bank, measured by volume, accounted for 330 million shares worth N7.6 billion in 3,871 deals, contributing 34.34 percent and 41.32 percent to the total equity turnover volume and value respectively.
The All-Share Index and market capitalisation depreciated by 5.02 percent to close the week at 32,327.59 points and N11.802 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE ASeM Index that closed flat.
During the week, 13 equities appreciated in price, lower than 33 in the previous week, while 58 equities depreciated in price, higher than 39 equities of the previous week, and 98 equities remained unchanged, higher than 97 equities recorded in the preceding week.
Also traded during the week were a total of 41,358 units of Exchange Traded Products (ETPs) valued at N1.148 million executed in 8deals, compared with a total of 1.248 units valued at N197,421.45 that was transacted the previous week in 3 deals.
In addition, a total of 43,000 units of Federal Government Bonds valued at N42.491 million were traded in the week in 36 deals compared with a total of 64,438 units valued at N70.323 million transacted in the previous week in 38 deals.