Sat. Nov 23rd, 2024

NSE: Stock Market Value Grows 1.45% to N12.7tr in 5 Days

Stock Market Watch

By Modupe Gbadeyanka

In the just concluded trading week on the Nigerian Stock Exchange (NSE), the All-Share Index and Market Capitalization appreciated by 1.45 percent to close the week at 36,848.17 points and N12.684 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM Index, which closed flat.

Business Post gathered that a total turnover of 1.555 billion shares worth N13.504 billion in 18,409 deals were traded this week by investors on the floor of the NSE in contrast to a total of 1.493 billion shares valued at N15.107 billion that exchanged hands last week in 14,549 deals.

According to data obtained from the NSE website, the Financial Services Industry (measured by volume) led the activity chart with 1.365 billion shares valued at N6.507 billion traded in 10,880 deals; thus contributing 87.76 percent and 48.19 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 70.496 million shares worth N5.637 billion in 3,398 deals.

The third place was occupied by Conglomerates Industry with a turnover of 58.779 million shares worth N141.929 million in 706 deals.

Trading in the Top Three Equities namely – Diamond Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 985.762 million shares worth N2.841 billion in 3,401 deals, contributing 63.39 percent and 21.04 percent to the total equity turnover volume and value respectively.

In addition, 41 equities appreciated in price during the week, higher than 38 of the previous week.

Furthermore, 23 equities depreciated in price, lower than 26 equities of the previous week, while 107 equities remained unchanged same as 107 equities recorded in the preceding week.

Also traded during the week were a total of 60 units of Exchange Traded Products (ETPs) valued at N2,265.60 executed in 6 deals compared with a total of 2,000 units valued at N34,000.00 transacted last week in1 deal.

In the same vein, a total of 1,041 units of Federal Government Bonds valued at N1.040 million were traded this week in 10 deals, compared with a total of 2,360 units valued at N2.029 million transacted last week in 7 deals.

By Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *