Investors stake N11.539b on NSE for the week

A turnover of 1.285 billion shares worth N11.539 billion in 13,245 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.079 billion shares valued at N18.196 billion that exchanged hands last week in 14,372 deals.

The Financial Services Industry (measured by volume) led the activity chart with 890.433 million shares valued at N8.113 billion traded in 7,923 deals; thus contributing 69.31% and 70.31% to the total equity turnover volume and value respectively.

The Services Industry followed with 284.370 million shares worth N585.368 million in 298 deals. The third place was Consumer Goods Industry with a turnover of 44.694 million shares worth N 2.054 billion in 2,367 deals.

Trading in the top-three equities namely Diamond Bank Plc, Ikeja Hotel Plc, and FBN Holdings Plc, (measured by volume) accounted for 708.003 million shares worth N1.758 billion in 1,957 deals, contributing 55.11 per cent and 15.23 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 5,727 units of Exchange Traded Products (ETPs) valued at N2.284 million executed in 11 deals compared with a total of 4,065 units valued at N17,357.55 that was transacted last week in 1 deal.

A total of 1,034 units of Federal Government Bonds valued at N980,295.60 were traded this week in 10 deals compared with a total of 78,261 units valued at N78.378 million transacted last week in 61 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.44 per cent to close the week at 32,058.28 and N11.704 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE Consumer Goods and NSE Industrial Goods Indices that finished higher by 0.04 per cent and 1.02 per cent respectively, while NSE ASeM Index closed flat.

Twenty-four (24) equities appreciated in price during the week, lower than Twenty-seven (27) in the previous week. Thirty-six (36) equities depreciated in price, lower than Thirty nine (39) of the previous week, while one hundred and nine (109) equities remained unchanged higher than one hundred and three (103) equities recorded in the preceding week.