Investors on Nigerian bourse traded 2.33bn shares at N28.93bn for the week

A total turnover of 2.328 billion shares worth N28.927 billion in 25,530 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 2.444 billion shares valued at N36.665 billion that exchanged hands last week in 26,712 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.784 billion shares valued at N20.385 billion traded in 16,823 deals; thus contributing 76.60% and 70.47% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 171.111million shares worth N5.404 billion in 4,055 deals. The third place was occupied by Oil and Gas Industry with a turnover of 124.065million shares worth N296.727 million in 1,607 deals.

Trading in the Top Three Equities namely – Zenith International Bank Plc, Access Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 664.391 million shares worth N10.659 billion in 6,429 deals, contributing 28.54% and 36.85% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 4,165 units of Exchange Traded Products (ETPs) valued at N78,276.06 executed in 15 deals, compared with a total of 1.889 million units valued at N10.512 million that was transacted last week in 4 deals.

A total of 5,152 units of Federal Government Bonds valued at N4.562 million were traded this week in 24 deals, compared with a total of 40,566 units valued at N44.313 million transacted last week in 29 deals.

The NSE All-Share Index and Market Capitalization depreciated by 1.11% and 0.14% to close the week at 41,472.10 and N14.982 trillion respectively. Similarly, all other indices finished lower during the week with the exception of the NSE CG, NSE Banking and NSE Pension Indices that appreciated by 1.07%, 3.31% and 1.67% respectively