NSE: Investors Sell 1.261b Shares for N17.5b in 5 Days

By Modupe Gbadeyanka

Investors in equities traded a total of 1.261 billion shares worth N17.520 billion in 14,861 deals this week on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.656 billion shares valued at N12.580 billion that exchanged hands last week in 12,860 deals.

The Financial Services Industry, as measured by volume, led the activity chart with 798.128 million shares valued at N4.319 billion traded in 9,115 deals; thus contributing 63.31 percent and 24.33 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 222.511 million shares worth N4.379 billion in 2,022 deals, while the third place was occupied by the Oil and Gas Industry with a turnover of 89.061 million shares worth N7.862 billion in 1,937 deals.

Trading in the Top Three Equities namely – United Bank For Africa Plc, Mutual Benefits Assurance Plc and Diamond Bank Plc (measured by volume) accounted for 358.709 million shares worth N960.482 million in 870 deals, contributing 28.46 percent and 5.41 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 10,170 units of Exchange Traded Products (ETPs) valued at N123.641.70 executed in 22 deals, compared with a total of 2.439 units valued at N18.276 million transacted last week in 15 deals.

Likewise, a total of 25,219 units of Federal Government and Corporate Bonds valued at N24.458 million were traded this week in 3 deals, compared with a total of 411 units valued at N428,995.77 transacted last week in 1 deal.

During the week also, the NSE All-Share Index and Market Capitalization depreciated by 0.83 percent to close at 26,486.02 points and N9.113 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception of the NSE Premium and NSE Industrial Goods Indices that rose by 1.91 percent and 3.21 percent respectively while the NSE ASeM Index closed flat

It was gathered that 26 equities appreciated in price during the week, lower than 40 equities of the previous week, while 36 equities depreciated in price, higher than 19 equities of the previous week and 113 equities remained unchanged lower than 116 equities recorded in the preceding week.