Investors stake N17.23bn on NSE last week

A total turnover of 1.807 billion shares worth N17.232 billion in 18,332 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.270 billion shares valued at N13.463 billion that exchanged hands last week in 16,476 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.625 billion shares valued at N14.696 billion traded in 11,778 deals; thus contributing 89.93 per cent and 85.28 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 83.560 million shares worth N138.309 million in 951 deals. The third place was Consumer Goods Industry with a turnover of 36.251 million shares worth N1.002 billion in 2,224 deals.

Trading in the top-three equities namely, Diamond Bank Plc, Access Bank Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 871.524 million shares worth N8.488 billion in 3,305 deals, contributing 48.23 per cent and 49.25 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 34,341 units of Exchange Traded Products (ETPs) valued at N440,166.37 executed in 7 deals compared with a total of 55 units valued at N5,610.00 that was transacted last week in 2 deals.

A total of 3,498 units of Federal Government Bonds valued at N3.131 million were traded this week in 20 deals compared with a total of 3,573 units valued at N3.764 million transacted last week in 24 deals.

The NSE All-Share Index and Market Capitalization appreciated by 1.36 per cent to close the week at 31,426.63 and N11.719 trillion respectively.

Similarly, all other indices finished higher with the exception of the NSE ASeM, NSE Consumer Goods, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods Indices that depreciated by 0.17%, 0.41%, 1.32 per cent, 0.60 per cent and 2.02 per cent respectively.

Forty (40) equities appreciated in price during the week, higher than thirty-eight (38) in the previous week. Twenty-five (25) equities depreciated in price, lower than twenty-nine (29) of the previous week, while one hundred and three (103) equities remained unchanged higher than one hundred and two (102) equities recorded in the preceding week.