Investors Trade N15bn Shares After Easter Break
By Dipo Olowookere
It was another four-day trading week as the Monday, April 22, 2019 was announced as public holiday in commemoration of the Easter celebrations.
In the week, the All-Share Index depreciated by 1.15% while market capitalisation depreciated by 1.09% to close the week at 29,740.41 points and N11.177 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE Oil/Gas Index that rose by 0.43%.
A total of 30 equities appreciated in price during the week, lower than 33 in the previous week, while 40 equities depreciated in price, higher than 33 equities of the previous week, with 97 equities remaining unchanged, lower than 101 equities recorded in the preceding week.
During the week, a total turnover of 1.4 billion shares worth N15.1 billion were traded in the week by investors on the floor of the Nigerian Stock Exchange (NSE) in 15,342 deals.
This was in contrast to a total of 988.7 million shares valued at N11.4 billion that exchanged hands the previous week in 13,596 deals.
Data from the NSE indicated that the financial services sector, measured by volume, led the activity chart with 587.4 million shares valued at N5.1 billion traded in 8,210 deals, contributing 41.02% and 33.75% to the total equity turnover volume and value respectively.
This was followed by the oil and gas industry with 326.5 million shares worth N430.3 million in 1,670 deals, while construction/real estate sector occupied the third position with a turnover of 218.5 million shares worth N4.3 billion in 118 deals.
Trading in Japaul Oil, Julius Berger Nigeria and United Bank for Africa accounted for 628.1 million shares worth N671.4 million in 1,810 deals, contributing 43.86% and 33.59% to the total equity turnover volume and value respectively.