Investors stake N17.86bn on 1.1bn shares on NSE for the week

A total turnover of 1.096 billion shares worth N17.859 billion in 16,070 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 896.618 million shares valued at N15.368 billion that exchanged hands last week in 17,048 deals.
The Financial Services Industry (measured by volume) led the activity chart with 880.597 million shares valued at N13.614 billion traded in 8,994 deals; thus contributing 80.33 per cent and 76.23 per cent to the total equity turnover volume and value respectively.
The Industrial Goods Industry followed with 69.174 million shares worth N676.248 million in 881 deals. The third place was occupied by Consumer Goods Industry with a turnover of 49.288 million shares worth N2.870 billion in 3,077 deals.
Trading in the top-three equities namely – Guaranty Trust Bank Plc, Access Bank Plc, Jaiz Bank Plc (measured by volume) accounted for 450.567 million shares worth N10.942 billion in 1,834 deals, contributing 41.11 per cent and 61.27 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 58 units of Exchange Traded Products (ETPs) valued at N90,475.00 executed in 5 deals compared with a total of 1,265 units valued at N145,720.20 transacted last week in 8 deals.
A total of 178 units of Federal Government Bonds valued at N163,407.05 were traded this week in 2 deals, compared with a total of 5,290 units valued at N5.030 million transacted last week in 15 deals.
The NSE All-Share Index and Market Capitalization appreciated by 1.38 per cent and 1.37 per cent to close the week at 35,488.81and N12.234 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of NSE Consumer Goods and NSE Oil/Gas indices that depreciated by 0.23% and 3.05 per cent while the NSE ASeM Index closed flat
Twenty-five (25) equities appreciated in price during the week, higher than twenty-three (23) of the previous week. Thirty-five (35) equities depreciated in price, lower than forty-five (45) equities of the previous week, while one hundred and eleven (111) equities remained unchanged higher than one hundred and four (104) equities recorded in the preceding week.