Investors stake N13.616bn on 1.149bn shares

A turnover of 1.149 billion shares worth N13.616 billion in 21,868 deals were traded this week by investors on the floor of the Nigeria Stock Exchange (NSE) in contrast to a total of 377.798 million shares valued at N3.641 billion that exchanged hands last week in 7,466 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.17 per cent to close the week at 28,805.45 and N9.893 trillion respectively.

A total of 22 equities appreciated in price during the week, higher than nine equities of the previous week while 38 equities depreciated in price, lower than 48 equities of the previous week, while 120 equities remained unchanged lower than 123 equities recorded in the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 868.827 million shares valued at N6.110 billion traded in 13,046 deals; thus contributing 75.59 per cent and 44.87 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 103.304 million shares worth N272.848 million in 1,111 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 66.743 million shares worth N3.501 billion in 3,368 deals.

Trading in the top-three equities namely –FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc (measured by volume) accounted for 353.999 million shares worth N3.867 billion in 4,188 deals, contributing 30.80 per cent and 28.40 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 941 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 22 deals, compared with a total of 35 units valued at N374.00 transacted last week in 7 deals.

A total of 44,381 units of Federal Government Bonds valued at N44.679 million were traded in 5 deals compared to a total of 13,767 units of Federal Government Bonds valued at N14.356 million transacted last week in 5 deals.

Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE 30 Index, NSE Consumer Goods Index and the NSE Industrial Goods Index that gained 0.11 per cent, 0.17 per cent, 0.95 per cent and 1.46 per cent respectively.