Investors stake N13.8bn for the week as market dip by 0.72%

A turnover of 1.124 billion shares worth N13.839 billion in 15,625 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.375 billion shares valued at N12.940 billion that exchanged hands last week in 16,915 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.72 per cent to close the week at 27,450.91 and N9.428 trillion respectively.

Similarly, four other Indices finished lower during the week, with the exception of the NSE Main Board, NSE 30, NSE Banking, NSE Insurance, NSE Consumer Goods, NSE Oil and Gas and NSE Pension indices that rose by 1.93 per cent, 0.33 per cent,0.86 per cent,0.04 per cent; 0.93 per cent, 6.74 per cent and 1.21 per cent respectively while the NSE ASeM Index closed flat.

A total of 27 equities appreciated in price during the week, higher than 25 of the previous week, 25 equities depreciated in price, lower 39 equities of the previous week, while 128 equities remained unchanged higher than 116 equities recorded in the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 922.145 million shares valued at N7.739 billion traded in 9,612 deals; thus contributing 82.07 per cent and 55.92 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 113.395 million shares worth N4.680 billion in 2,689 deals. The third place was occupied by the Conglomerates Industry with a turnover of 42.988 million shares worth N60.763 million in 610 deals.

Trading in the top-three equities namely – Guaranty Trust Bank Plc, FBN Holdings Plc and Diamond Bank Plc (measured by volume) accounted for 434.979 million shares worth N5.236 billion in 3,490 deals, contributing 38.71 per cent and 37.84 per cent to the total equity turnover volume and value respectively.

A total of 1,650 units of Federal Government Bonds valued at N1.690 million were traded in 3 deals compared to a total of 3,127 units of Federal Government Bonds valued at N3.057 million transacted last week in 6 deals.

Also traded during the week were a total of 16,397 units of Exchange Traded Products (ETPs) valued at N1.961 million executed in 37 deals, compared with a total of 57,828 units valued at N766.162.96 transacted last week in 37 deals.