Nigerian bourse records 1.409bn turnover for the week
A turnover of 1.409 billion shares worth N31.959 billion in 13,616 deals were traded on The Nigerian Stock Exchange (NSE) last week in contrast to a total of 660.654 million shares valued at N9.189 billion that exchanged hands last week in 12,032 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.081 billion shares valued at N8.739 billion traded in 7,720 deals; thus contributing 76.73 per cent and 27.34 per cent to the total equity turnover volume and value respectively.
The Industrial Goods industry followed with 163.852 million shares worth N19.264 billion in 982 deals. The third place was Conglomerates industry with a turnover of 74.229 million shares worth N120.488 million in 734 deals.
Trading in the Top Three Equities namely, Custodian Investment Plc, FCMB Group Plc and Access Bank Plc. (measured by volume) accounted for 683.802 million shares worth N4.001 billion in 1,247 deals, contributing 48.52 per cent and 12.52 per cent to the total equity turnover volume and value respectively.
A total of 9,219 units valued at N1.079 million were traded this week in 24 deals compared with a total of 3,015 units valued at N701,234.17 transacted last week in 16 deals.
A total of 2,519 units of Federal Government Bonds valued at N2.670 million were traded this week in 12 deals compared with a total of 4,250 units valued at N4.305 million transacted last week in 6 deals.
The NSE All-Share Index and Market Capitalization both depreciated by 1.68 per cent to close the week at 26,533.78 and N12.917 trillion respectively.
Similarly, all other indices finished lower with the exception of NSE Banking and NSE AFR Div Yield Indices which appreciated by 0.14 per cent and 1.81 percent respectively while the NSE ASeM index closed flat.
A total of 20 equities appreciated in price during the week, higher than 15 in the previous week even as 33 equities depreciated in price, lower 39 in the previous week, while113 remained unchanged, higher than 112 equities recorded in the preceding week.
