NSE Posts N15.4b Turnover in 5 Days as Index Sheds 2.65%
By Modupe Gbadeyanka
The Nigerian Stock Exchange (NSE) All-Share Index and market capitalization depreciated by 2.65 percent and 2.63 percent during this week’s trading to close the week at 35,005.57 points and N12.068 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of NSE Oil/Gas index, which rose by 0.17 percent
Also during the week, 23 equities appreciated in price during the week, lower than 28 of the previous week, while 45 equities depreciated in price, higher than 38 equities of the previous week, and 104 equities remained unchanged lower than 105 equities recorded in the preceding week.
Data released by the NSE on Friday showed that a total turnover of 896.618 million shares worth N15.368 billion in 17,048 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 887.024 million shares valued at N17.450 billion that exchanged hands last week in 16,955 deals.
The Financial Services Industry (measured by volume) led the activity chart with 708.046 million shares valued at N7.793 billion traded in 9,164 deals; thus contributing 78.97% and 50.71% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 56.502 million shares worth N5.509 billion in 3,414 deals. The third place was occupied by Conglomerates Industry with a turnover of 32.439 million shares worth N106.687 million in 744 deals.
Trading in the Top Three Equities namely – Diamond Bank Plc, Zenith International Bank Plc, Guaranty Trust Bank Plc, (measured by volume) accounted for 336.181 million shares worth N5.680 billion in 2,936 deals, contributing 37.49% and 36.96% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 1,265 units of Exchange Traded Products (ETPs) valued at N145,720.20 executed in 8 deals compared with a total of 3,000 units valued at N31,590.00 transacted last week in 1 deal, while investors traded a total of 5,290 units of Federal Government Bonds valued at N5.030 million in 15 deals, compared with a total of 8,535 units valued at N8.660 million transacted last week in 11 deals.