By Modupe Gbadeyanka
A total of 887.024 million shares worth N17.450 billion in 16,955 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE), Business Post reports.
This is in contrast to a total of 998.973 million shares valued at N11.455 billion that exchanged hands last week in 13,626 deals.
Our correspondent reports that it was another four-day trading week as the Federal Government of Nigeria declared Friday, September 1 and Monday, September 4, 2017 as public holidays in commemoration of the Eid -el- Kabir Sallah celebrations.
But when the market resumed on Tuesday, it started off on a negative note, but picked up on Wednesday and Thursday before closing the week in red.
However, financial stocks, measured by volume, led the activity chart with 729.177 million shares valued at N8.816 billion traded in 10,744 deals; thus contributing 82.20 percent and 50.52 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 68.153 million shares worth N6.692 billion in 2,908 deals, while the third place was occupied by Conglomerates Industry with a turnover of 32.109 million shares worth N183.098 million in 687 deals.
Trading in the top three equities namely – Access Bank Plc, Guaranty Trust Bank Plc, Zenith International Bank Plc (measured by volume) accounted for 320.549 million shares worth N6.909 billion in 2,643 deals, contributing 36.14 percent and 39.59 percent to the total equity turnover volume and value respectively.
On the market indices, the All-Share Index and market capitalization appreciated by 1.27 percent to close the week at 35,957.24 and N12.393 trillion respectively.
Similarly, all other indices finished higher during the week with the exception of the NSE Main Board, NSE Banking, NSE Insurance, NSE Oil/Gas and NSE Industrial Goods Indices that depreciated by 0.24 percent, 1.08 percent, 0.10 percent, 3.77 percent and 1.01 percent respectively while the NSE ASeM Index closed flat.
A total of 28 equities appreciated in price during the week, higher than 19 of the previous week, while 38 stocks depreciated in price, lower than 48 equities of the previous week, and 105 equities remained unchanged higher than 104 equities recorded in the preceding week.
Also traded during the week were a total of 3,000 units of Exchange Traded Products (ETPs) valued at N31,590.00 executed in 1 deal compared with a total of 86,063 units valued at N838,754.79 transacted last week in 8 deals, while a total of 8,535 units of Federal Government Bonds valued at N8.660 million were traded this week in 11 deals, compared with a total of 12,244 units valued at N12.374 million transacted last week in 11 deals.
