NSE Trades 912m Stocks Worth N12bn in 17,083 Deals in Five Days

By Modupe Gbadeyanka

The Nigerian Stock Exchange (NSE) recorded a total turnover of 912.2 million shares worth N12.1 billion in 17,083 deals last week, lower than the 1.5 billion shares valued at N20.3 billion transacted the previous week in 23,263 deals.

According to data from the exchange, these trades were dominated by financial stocks, which accounted for 624.2 million shares valued at N7.1 billion executed in 9,640 deals, contributing 68.43 percent and 58.79 percent to the total equity turnover volume and value respectively.

This was followed by conglomerates equities, which accounted for 93.2 million shares worth N452.1 million in 861 deals, and energy shares, which accounted for 59.3 million units worth N124.6 million carried out in 1,254 deals.

A further breakdown showed that Zenith Bank, GTBank and UBA accounted for 304.1 million shares worth N5.8 billion in 4,290 deals, contributing 33.34 percent and 47.73 percent to the total equity turnover volume and value respectively.

A total of 19 equities appreciated in price during the week, higher than 15 equities in the previous week, while 35 equities depreciated in price, lower than 49 equities in the previous week, with 109 equities remaining unchanged, higher than 99 equities recorded in the preceding week.

Livestock Feeds was the best performing stock, rising by 16.67 percent to close at 70 per share, while United Capital gained 15.29 percent to close at N2.94 per share, with Trans-Nationwide Express growing by 11.11 percent to close at 90 kobo per share.

For the best performing stock, it was Linkage Assurance. Its share price depreciated by 25.81 percent to 46 kobo per share, while SAHCO lost 23.26 percent to close at N2.87 per share, with Guinness Nigeria losing 16.56 percent to close at N25.20 per share.

Last week, the All-Share Index and market capitalisation both depreciated 1.11 percent to close at 27,755.87 points and N14.456 trillion respectively.

All other indices finished lower with the exception of NSE AFR Dividend Yield and industrial goods indices, which appreciated by 0.11 percent and 0.78 percent respectively, while the NSE ASeM index closed flat.