Investors stake N13.7bn on 1.3bn shares in 15,422 deals

A turnover of 1.387 billion shares worth N13.726 billion in 15,422 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 765.656 million shares valued at N9.717 billion that exchanged hands last week in 12,468 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.224 billion shares valued at N9.080 billion traded in 10,213 deals; thus contributing 88.19 per cent and 66.15 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 52.016 million shares worth N3.435 billion in 2,311 deals. The third place was occupied by Conglomerates Industry with a turnover of 41.515 million shares worth N63.506 million in 586 deals.

Trading in the top-three equities namely – Zenith International Bank Plc, Continental Reinsurance Plc and United Bank for Africa Plc (measured by volume) accounted for 738.698 million shares worth N6.910 billion in 4,205 deals, contributing 53.24 per cent and 50.34 per cent to the total equity turnover volume and value respectively.

There were no trades recorded in Exchange Traded Products this week and a total of 375 units of Federal Government Bonds valued at N447,055.02 were traded this week in 5 deals, compared with a total of 24,850 units valued at N20.533 million transacted last week in six deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.94 per cent to close the week at 25,012.08 and N8.656 trillion respectively.

However, all other Indices finished higher during the week with the exception of the NSE Premium and NSE Industrial Goods Indices that depreciated by 4.47 per cent and 2.33 per cent respectively while the ASEM Index closed flat.

Twenty-four (24) equities appreciated in price during the week, higher than eighteen (18) equities of the previous week. Twenty-four (24) equities depreciated in price, lower than thirty-four (34) equities of the previous week, while one hundred and twenty-nine (129) equities remained unchanged higher than one hundred and twenty-five (125) equities recorded in the preceding week.