Investors on NSE stake N10.6bn o shares last week

A turnover of 894.759 million shares worth N10.629 billion in 13,418 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 2.479 billion shares valued at N9.988 billion that exchanged hands last week in 12,059 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.30 per cent and 0.32 per cent to close the week at 25,817.69 and N8.883 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE-Main Board, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods Indices that depreciated by 0.01 per cent, 0.78 per cent, 2.32 per cent, 3.33 per cent while the NSE ASeM Index closed flat

Twenty-seven (27) equities appreciated in price during the week, same as twenty-seven (27) equities of the previous week. Thirty-six (36) equities depreciated in price, higher than thirty-two (32) equities of the previous week, while one hundred and twelve (112) equities remained unchanged lower than one hundred and sixteen (116) equities recorded in the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 695.612 million shares valued at N2.542 billion traded in 6,978 deals; thus contributing 77.74 per cent and 23.92 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 71.988 million shares worth N5.956 billion in 2,362 deals. The third place was occupied by the Conglomerates Industry with a turnover of 56.868 million shares worth N112.727 million in 717 deals.

Trading in the top-three Equities namely – Diamond Bank Plc, Wema Bank Plc and FCMB Group Plc (measured by volume) accounted for 381.114 million shares worth N299.228 million in 1,202 deals, contributing 42.59 per cent and 2.82 per centto the total equity turnover volume and value respectively.

Also traded during the week were a total of 2,850 units of Exchange Traded Products (ETPs) valued at N355,162.85 executed in 21 deals, compared with a total of 2,340 units valued at N39,848.85 transacted last week in 15 deals.