By Modupe Gbadeyanka
A total turnover of 1.191 billion shares worth N6.037 billion in 11,820 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 786.176 million shares valued at N5.828 billion that exchanged hands last week in 14,343 deals.
It was a four-day trading week as the Federal Government of Nigeria declared Friday April 14 and Monday, April 17, 2017 as public holiday in commemoration of the Easter celebrations.
During the week, the Financial Services Industry (measured by volume) led the activity chart with 1.014 billion shares valued at N3.070 billion traded in 6,700 deals; thus contributing 85.07 percent and 50.86 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 51.888 million shares worth N1.581 billion in 2,025 deals, while the third place was occupied by Conglomerates Industry with a turnover of 47.517 million shares worth N66.904 million in 542 deals.
Also, The NSE All-Share Index and Market Capitalization depreciated by 0.92 percent to close the week at 25,510.01 and N8.827 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception the NSE ASeM Index that closed flat.
Trading in the Top Three Equities namely Fidelity Bank Plc, FCMB Group Plc and Standard Trust Assurance Plc (measured by volume) accounted for 679.949 million shares worth N639.862 million in 1,622 deals, contributing 57.06 percent and 10.60 percent respectively to the total equity turnover volume and value.
Also traded during the week were a total of 16 units of Exchange Traded Products (ETPs) valued at
N1,088 executed in 1 deal compared with a total of 1,510 units valued at N4,113.20 transacted last week in 3 deals.
A total of 4,800 units of Federal Government Bonds valued at N4.892 million were traded this week in 10 deals, compared with a total of 11,064 units valued at N10.256 million transacted last week in 21 deals.
Adedapo Adesanya