Investors stake N7.436bn for the week on Nigerian bourse
A total of 1.016 billion shares worth N7.436 billion in 18,092 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE), in contrast to a total of 901.542 million shares valued at N13.453 billion that exchanged hands last week in 18,676 deals,
The NSE All-Share Index and Market Capitalization both depreciated by 0.08 per cent to close the week at 24,287.66 and N12.670 trillion respectively.
All other indices finished lower with the exception of NSE Lotus II and NSE Industrial Goods Indices which appreciated by 0.94 per cent and 0.52 per cent respectively while NSE ASeM closed flat.
The Financial Services industry (measured by volume) led the activity chart with 784.322 million shares valued at N3.305 billion traded in 10,592 deals; thus contributing 77.23 per cent and 44.45 per cent to the total equity turnover volume and value respectively.
The Oil and Gas industry followed with 61.822 million shares worth N418.191 million in 984 deals. The third place was the Consumer Goods industry, with a turnover of 42.999 million shares worth N1.102 billion in 2,848 deals.
Trading in the top three equities namely Sterling Bank Plc, FCMB Holdings Plc and FBN Holdings Plc. (measured by volume) accounted for 416.989 million shares worth N791.078 million in 2,752 deals, contributing 41.06 per cent and 10.64 per cent to the total equity turnover volume and value respectively.
A total of 106,450 units of EPL valued at N117.642 million were traded this week in 4 deals, compared with a total of 301,094 units valued at N2.384 billion transacted last week in 14 deals.
A total of 2,408 units of Bonds valued at N2.614 million were traded this week in 9 deals compared with a total of 11,487 units valued at N14.769 million transacted last week in 13 deals.
A total of 26 equities appreciated in price during the week, higher than 25 in the previous week as 36 equities depreciated in price, higher than 33 in the previous week, while 101 equities remained unchanged, lower than 105 recorded in the previous week.
