By Dipo Olowookere
A total turnover of 1.5 billion shares worth N17.7 billion in 20,449 deals were transacted last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.8 billion shares valued at N28.1 billion that exchanged hands last week in 28,739 deals.
Data released by the NSE indicated that the Financial Services industry (measured by volume) led the activity chart with 1.038 billion shares valued at N10.2 billion traded in 12,232 deals.
With this, the sector contributed 70.07 percent and 57.63 percent to the total equity turnover volume and value respectively.
The Conglomerates industry followed with 193.2 million shares worth N306.5 million in 1,330 deals, while the third place was Consumer Goods sector with a turnover of 72 million shares worth N4.4 billion in 2,990 deals.
During the week, trading in the top three equities namely; Transnational Corporation of Nigeria, Sterling Bank and Access Bank (measured by volume) accounted for 421.5 million shares worth N1.3 billion in 2,979 deals, contributing 28.46 percent and 7.22 percent to the total equity turnover volume and value respectively.
In the week, the All-Share Index (ASI) and market capitalization depreciated by 0.61 percent to close at 32,515.52 points and N12.126 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE ASem, NSE Banking, NSE
Insurance NSE-AFR Bank Value and NSE Oil/Gas indices which rose by 0.96 percent, 0.68 percent, 0.02 percent, 0.95 percent and 0.13 percent respectively.
During the week, a total of 34 shares appreciated in price, lower than 60 in the previous week, while 38 equities depreciated in price, higher than 21 equities of the previous week, with 96 equities remaining unchanged higher than 87 equities recorded in the preceding week.
Also traded during the week were a total of 23,701 units of Exchange Traded Products (ETPs) valued at N3.020 million executed in 4 deals compared with a total of 1.271 million units valued at N9.782 million that was transacted a week earlier in 7 deals.
In addition, a total of 5,845 units of Federal Government Bonds valued at N6.158 million were traded in the week in 18 deals compared with a total of 1,460 units valued at N1.472 million transacted the previous week in 9 deals.
