Investors stake N7.87bn on 960m shares

A turnover of 959.917 million shares worth N7.871 billion in 17,561 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.263 billion shares valued at N11.583 billion that exchanged hands last week in 17,434 deals.

The Financial Services Industry (measured by volume) led the activity chart with 782.476 million shares valued at N4.114 billion traded in 10,477 deals; thus contributing 81.51 per cent  and 52.27m per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 59.433 million shares worth N99.619 million in 762 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 46.553 million shares worth N2.833 billion in 2,703 deals.

Trading in the Top Three Equities namely – United Bank For Africa Plc, FBN Holdings Plc and Access Bank Plc.(measured by volume) accounted for 288.689 million shares worth N1.275 billion in 3,854 deals, contributing 30.07% and 16.20% to the total equity turnover volume and value respectively.

A total of 4,725 units of Federal Government Bonds valued at N5.266 million were traded in 3 deals compared to a total of 151,970 units of Federal Government and Corporate Bonds valued at N170.962 million transacted last week in 5 deals.

The NSE All-Share Index and Market Capitalization depreciated by 1.45% to close the week at 27,232.62 and N9.353 trillion respectively.

Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index, NSE Insurance Index and the NSE Oil/Gas Index that rose by 0.25 per cent, 1.71% and 1.97 per cent respectively.