Investors Trade N17bn Stocks in Five Days

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By Modupe Gbadeyanka

A total turnover of 1.101 billion shares worth N17.082 billion were traded on the floor of the Nigerian Stock Exchange (NSE) last week by investors in 15,431 deals.

This was higher than the 713.141 million equities valued at N13.295 billion transacted a week earlier in 16,237 deals, data from the NSE disclosed.

During the week, the financial services industry led the activity chart by volume with 752.4 million shares valued at N9.9 billion traded in 8,519 deals, contributing 68.34 percent and 57.96 percent to the total equity turnover volume and value respectively.

The conglomerates sector followed with 93.2 million shares worth N239.3 million in 883 deals, while the third place was construction/real estate industry with a turnover of 65.8 million shares worth N66.7 million in 100 deals.

In the data, it was stated that trading in GTBank, Access Bank and Zenith Bank accounted for 530.4 million shares worth N9.1 billion in 3,604 deals, contributing 48.17 percent and 53.25 percent to the total equity turnover volume and value respectively.

In the week, 27 equities appreciated in price, higher than 25 stocks in the previous week, while 34 shares depreciated in price, lower than 35 equities in the previous week, with 105 equities remaining unchanged, lower than 106 equities recorded in the preceding week.

It was gathered that last week, the All-Share Index and market capitalization both depreciated by 1.38 percent to close the week at 27,146.57 points and N13.207 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Banking, NSE Pension, NSE Insurance, NSE-AFR Bank Value, NSE AFR Div Yield, NSE MERI Value, and NSE Industrial Goods Indices, which appreciated by 0.20 percent, 0.84 percent, 0.83 percent, 1.56 percent, 1.41 percent, 1.64 percent, and 0.59 percent while  the NSE ASeM index closed flat.

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