Investors stake N40bn for the week on Nigerian bourse

A total turnover of 3.079 billion shares worth N39.990 billion in 23,086 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.170 billion shares valued at N39.087 billion that exchanged hands  upper week in 24,657 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.288 billion shares valued at N29.585 billion traded in 13,188 deals; thus contributing 74.30 per cent and 73.98 per cent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 386.811 million shares worth N1.273 billion in 1,573 deals. The third place was occupied by Consumer Goods Industry with a turnover of 205.245 million shares worth N5.803 million in 4,959 deals.

Trading in the top-three equities namely – Access Bank Plc, Capital Oil Plc and Zenith International Bank Plc (measured by volume) accounted for 1.677 billion shares worth N20.413 billion in 2,476 deals, contributing 54.48 per cent and 51.05 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 4 units of Exchange Traded Products (ETPs) valued at N22,400.00 executed in 1 deal, compared with a total of 50,547 units valued at N4.593 million that was transacted last week in 12 deals.

A total of 2,823 units of Federal Government Bonds valued at N2.642 million were traded this week in 21 deals, compared with a total of 6,574 units valued at N6.332 million transacted last week in 31 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.68 per cent to close the week at 43,167.86 and N15.508 trillion respectively.

Similarly, all other indices finished higher during the week with the exception of the NSE Premium, NSE ASeM, NSE Banking and NSE Insurance Indices that depreciated by 0.25 per cent, 1.76 per cent, 1.08 and 0.74 per cent respectively.

Forty-five (45) equities appreciated in price during the week, higher than thirty-eight (38) of the previous week. Forty (40) equities depreciated in price, lower than forty-five (45) equities of the previous week, while eighty-seven (87) equities remained unchanged lower than eighty-nine (89) equities recorded in the preceding week.