Investors on Nigerian bourse stake N11.192bn for the week

 

  • As Index down 0.02%

 

A  turnover of 1.107 billion shares worth N11.192 billion in 14,430 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE)in contrast to a total of 1.199 billion shares valued at N14.277 billion that exchanged hands the upper week in 15,841 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.02 per cent to close the week at 30,866.82 and N11.269 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE CG, NSE Main Board, NSE 30, NSE Banking, NSE Consumer Goods, NSE Oil and Gas, NSE Lotus II and NSE Pension Indices that rose by 0.82 per cent, 0.41 per cent, 0.10 per cent, 0.89 per cent, 0.64 per cent, 1.98 per cent, 0.08 per cent and 0.03 per cent respectively while the NSE ASeM index closed flat.

The Financial Services Industry (measured by volume) led the activity chart with 891.032 million shares valued at N7.180 billion traded in 8,929 deals; thus contributing 80.50 per cent and 64.16 per cent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 76.097 million shares worth N519.777 million in 993 deals. The third place was Services Industry with a turnover of 45.890 million shares worth N81.670 million in 355 deals.

Trading in the top-three equities namely FBN Holdings Plc, First City Monument Bank Plc, and Diamond Bank Plc, (measured by volume) accounted for 547.260 million shares worth N2.409 billion in 2,605 deals, contributing 49.44 per cent and 21.53 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 84,714 units of Exchange Traded Products (ETPs) valued at N1.219 million executed in 10 deals. There was no transaction recorded last week.

A total of 2,908 units of Federal Government Bonds valued at N2.516 million were traded this week in 11 deals compared with a total of 16,686 units valued at N16.442 million transacted last week in 10 deals.

Thirty (30) equities appreciated in price during the week, higher than twenty-five (25) in the previous week. Thirty-eight (38) equities depreciated in price, lower than forty-one (41) of the previous week, while one hundred and one (101) equities remained unchanged lower than one hundred and three (103) equities recorded in the preceding week.