By Dipo Olowookere
A total of 1.417 billion shares worth N16.739 billion in 19,832 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.665 billion equities valued at N14.834 billion that exchanged hands in the previous week in 18,795 deals.
Business Post reports that the Financial Services industry, measured by volume, led the activity chart with 832.842 million shares valued at N8.823 billion traded in 10,851 deals, contributing 58.76 percent and 52.71 percent to the total equity turnover volume and value respectively.
This was followed by the Services sector with 320.350 million shares worth N679.981 million in 584 deals, while the third place was occupied by Conglomerates industry with a turnover of 99.403 million shares worth N147.372 million in 1,000 deals.
It was observed that trading in the top three equities; Medview Airline, FBN Holdings and Zenith Bank, measured by volume, accounted for 578.789 million shares worth N5.153 billion in 2,874 deals, contributing 40.83 percent and 30.78 percent to the total equity turnover volume and value respectively.
A look at the major market indices showed that the All-Share Index and market capitalization appreciated by 0.09 percent to close the week at 36,636.97 points and N 13.272 trillion respectively.
Similarly, all other indices finished higher with the exception of the NSE Premium, NSE Consumer Goods, NSE Oil/Gas, NSE Industrial Goods, NSE Pension Indices that depreciated by 0.16 percent, 0.19 percent, 3.74 percent, 4.40 percent and 0.56 percent.
The market breadth closed negative last week with 31 equities appreciating in price higher than 16 in the previous week, while 48 equities depreciated in price lower 59 equities of the previous week, and 90 equities remained unchanged lower than 94 equities recorded in the preceding week.
Also traded during the week were a total of 344 units of Exchange Traded Products (ETPs) valued at N50,021.24 executed in 5 deals, compared with a total of 340 units valued at N33,660.20 that was transacted last week in 6 deals, while a total of 7,518 units of Federal Government Bond valued at N7.668 million were traded during the week in 9 deals compared with a total of 17,251 units valued at N17.943 million transacted a week earlier in 18 deals.
