Nigerian bourse trades 872.89m shares at N14.02bn as index drops 0.07%

A total turnover of 872.892 million shares worth N14.016 billion in 19,047 deals were traded last week by investors on the floor of the Nigerian Stock Exchange in contrast to a total of 1.555 billion shares valued at N13.504 billion that exchanged hands upper week in 18,409 deals.
The NSE All-Share Index and Market Capitalization depreciated by 0.71 per cent to close the week at 36,587.31and N12.594 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE Banking and NSE Pension Indices that appreciated by 0.03 per cent and 0.02 per cent respectively while the NSE ASeM Index closed flat
Twenty-three (23) equities appreciated in price during the week, lower than forty-one (41) of the previous week. Thirty-four (34) equities depreciated in price, higher than twenty-three (23) equities of the previous week, while one hundred and fourteen (114) equities remained unchanged higher than one hundred and seven (107) equities recorded in the preceding week.
The Financial Services Industry (measured by volume) led the activity chart with 692.380 million shares valued at N8.940 billion traded in 11,464 deals; thus contributing 79.32 per cent and 63.78 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 63.658 million shares worth N123.149 million in 896 deals. The third place was occupied by Consumer Goods Industry with a turnover of 61.676 million shares worth N3.034 billion in 3,469 deals.
Trading in the top-three equities namely – Guaranty Trust Bank Plc, Zenith International Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 270.638 million shares worth N7.213 billion in 3,902 deals, contributing 31.01 per cent and 51.47 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 34,573 units of Exchange Traded Products (ETPs) valued at N2.091 million executed in 14 deals compared with a total of 60 units valued at N2,265.60 transacted last week in 6 deals.
A total of 7,279 units of Federal Government Bonds valued at N7.139 billion were traded this week in 12 deals, compared with a total of 1,041 units valued at N1.040 million transacted last week in 10 deals.