Investors stake N12.295bn on 1.06bn shares on Nigerian bourse for the week

A total turnover of 1.061 billion shares worth N12.295 billion in 18,847 deals were traded this week by investors on the floor of the Nigerian Stock Exchange in contrast to a total of 1.171 billion shares valued at N11.458 billion that exchanged hands last week in 13,763 deals.
The Financial Services Industry (measured by volume) led the activity chart with 802.195 million shares valued at N7.331 billion traded in 11,334 deals; thus contributing 75.62 per cent and 59.63 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 109.378 million shares worth N174.604 million in 1,024 deals. The third place was occupied by Consumer Goods Industry with a turnover of 62.992 million shares worth N2.405 billion in 3,021deals.
Trading in the top-three equities namely – Zenith International Bank Plc, Transnational Corporation of Nigeria Plc and FBN Holdings Plc (measured by volume) accounted for 317.099 million shares worth N3.223 billion in 3,823 deals, contributing 29.89% and 26.21 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 5 units of Exchange Traded Products (ETPs) valued at N484.85 executed in 1 deal compared with a total of 869,680 units valued at N19.150 million transacted last week in 16 deals.
A total of 358 units of Federal Government Bonds valued at N344,610.97 were traded this week in 7 deals, compared with a total of 7 units valued at N16,486.85 transacted last week in 1 deal.
The NSE All-Share Index and Market Capitalization depreciated by 1.99 per cent and 2.31 per cent to close the week at 32,459.17 and N11.187 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE Insurance and the NSE Industrial Goods Indices that appreciated by 1.10 per cent and 0.22 per cent while the NSE ASeM index closed flat.
Sixteen (16) equities appreciated in price during the week, lower than forty (40) equities of the previous week. Fifty-one (51) equities depreciated in price, higher than twenty-eight (28) equities of the previous week, while one hundred and five (105) equities remained unchanged same as one hundred and five (105) equities recorded in the preceding week.