Investors stake N9.04bn as market appreciates by 0.28%

A turnover of 1.117 billion shares worth N9.041 billion in 16,482 deals were traded this week by investors on the floor of The Nigerian Stock Exchange (NSE) in contrast to a total of 4.319 billion shares valued at N7.376 billion that exchanged hands last week in 9,330 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.28 per cent to close the week at 26,325.93 and N9.058 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE-Main Board, NSE Insurance, NSE Consumer Goods, NSE Oil/Gas and NSE Lotus II indices that depreciated by 0.39 per cent, 0.34 per cent, 1.82 per cent, 3.15 per cent and 1.87 per cent respectively

Thirty-one equities appreciated in price during the week, higher than eighteen of the previous week. Thirty-four (34) equities depreciated in price, higher than thirty-one (31) equities of the previous week, while one hundred and ten (110) equities remained unchanged lower than one hundred and twenty-six (126) equities recorded in the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 903.696 million shares valued at N3.336 billion traded in 9,240 deals; thus contributing 80.88 per cent and 36.90 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 67.147 million shares worth N109.014 million in 609 deals. The third place was occupied by Consumer Goods Industry with a turnover of 59.710 million shares worth N4.002 billion in 2,686 deals.

Trading in the top-three equities namely – Fidelity Bank Plc, Omoluabi Savings and Loans Plc and Diamond Bank Plc (measured by volume) accounted for 299.270 million shares worth N277.933 million in 1,029 deals, contributing 26.79 per cent and 3.07 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 2,443 units of Exchange Traded Products (ETPs) valued at N730,619.05 executed in 23 deals, compared with a total of 55 units valued at N505.65 transacted last week in 11 deals.

A total of 5,200 units of Federal Government Bonds valued at N5.004 million were traded this week in five deals, compared with a total of 5,100 units valued at N5.120 million transacted last week in two deals.