Investors stake N17.52bn on 1.26bn shares for the week

A turnover of 1.261 billion shares worth N17.520 billion in 14,861 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.656 billion shares valued at N12.580 billion that exchanged hands last week in 12,860 deals.

The Financial Services Industry led the activity chart with 798.128 million shares valued at N4.319 billion traded in 9,115 deals; thus contributing 63.31 per cent and 24.33 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 222.511 million shares worth N4.379 billion in 2,022 deals. The third place was occupied by the Oil and Gas Industry with a turnover of 89.061 million shares worth N7.862 billion in 1,937 deals.

Trading in the Top Three Equities namely – United Bank For Africa Plc, Mutual Benefits Assurance Plc and Diamond Bank Plc (measured by volume) accounted for 358.709 million shares worth N960.482 million in 870 deals, contributing 28.46 per cent and 5.41  per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 10,170 units of Exchange Traded Products (ETPs) valued at N123.641.70 executed in 22 deals, compared with a total of 2.439 units valued at N18.276 million transacted last week in 15 deals.

A total of 25,219 units of Federal Government and Corporate Bonds valued at N24.458 million were traded this week in 3 deals, compared with a total of 411 units valued at N428,995.77 transacted last week in 1 deal.

The NSE All-Share Index and Market Capitalization depreciated by 0.83 per cent to close the week at 26,486.02 and N9.113 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception of the NSE Premium and NSE Industrial Goods Indices that rose by 1.91 per cent and 3.21 per cent respectively while the NSE ASeM Index closed flat

A total of 26 equities appreciated in price during the week, lower 40 equities of the previous week, 36 equities depreciated in price, higher than 19 equities of the previous week, while 113 equities remained unchanged lower than 116 equities recorded in the preceding week.