Investors Trade N37b Shares in 5 Days as Index Lose 2.85%

By Dipo Olowookere

A total turnover of 2.4 billion shares worth N36.7 billion in 26,712 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE).

This was in contrast to a total of 3.1 billion shares valued at N40 billion that exchanged hands in the previous week in 23,086 deals.

It was observed that the Financial Services Industry, measured by volume, led the activity chart with two billion shares valued at N26.3 billion traded in 16,788 deals; thus contributing 83.61 percent and 71.81 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 169 million shares worth N8.1 billion in 4,927 deals, while the third place was occupied by Oil and Gas Industry with a turnover of 94.7 million shares worth N825.9 million in 1,641 deals.

Trading in the top three equities namely; FBN Holdings Plc, Zenith International Bank Plc and Fidelity Bank Plc, measured by volume, accounted for 1.1 billion shares worth N17.9 billion in 7,074 deals, contributing 44.34 percent and 48.69 percent to the total equity turnover volume and value respectively.

Also during the week, the All-Share Index and market capitalization depreciated by 2.85 percent and 3.26 percent to close the week at 41,935.93 and N15.002 trillion respectively.

Similarly, all other indices finished lower during the week with the exception of the NSE Insurance Index that appreciated by 0.25 percent.

Business Post reports that 25 equities appreciated in price during the week, lower than 45 of the previous week.

Furthermore, 60 equities depreciated in price, higher than 40 equities of the previous week, while 86 equities remained unchanged lower than 87 equities recorded in the preceding week.

Also traded during the week were a total of 1.889 million units of Exchange Traded Products (ETPs) valued at N10.512 million executed in 4 deals, compared with a total of 50,547 units valued at N4.593 million that was transacted last week in 12 deals.

In addition a total of 40,566 units of Federal Government Bonds valued at N44.313 million were traded in the week in 29 deals, compared with a total of 6,574 units valued at N6.332 million transacted in the previous week in 31 deals.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via

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