Investors stake N7.384bn on 1.072bn shares for the week

A total turnover of 1.072 billion shares worth N7.384 billion in 16,684 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 950.414 million shares valued at N10.123 billion that exchanged hands last week in 16,647 deals.

The Financial Services industry (measured by volume) led the activity chart with 586.761 million shares valued at N4.022 billion traded in 8,483 deals; thus contributing 54.76% and 54.47% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 307.744 million shares worth N799.159 million in 1,010 deals.

The third place was the Consumer Goods industry, with a turnover of 50.170 million shares worth N968.272 million in 3,018 deals.

Trading in the top three equities namely Transnational Corporation of Nigeria Plc, UACN Plc and United Bank for Africa Plc. (measured by volume) accounted for 396.337 million shares worth N1.373 billion in 1,845 deals, contributing 36.99% and 18.59% to the total equity turnover volume and value respectively.

The NSE All-Share Index and Market Capitalization both appreciated by 0.35% to close the week at 25,309.37 and N13.203 trillion respectively.

All other indices finished higher with the exception of NSE Premium, NSE Banking, NSE AFR Div Yield and NSE MERI Value Indices which depreciated by 0.45%, 0.23%, 0.77% and 0.9% while the NSE ASeM Closed flat

A total of 107,424 units of ETPs valued at N520.306 million were traded this week in 18 deals, compared with a total of 50,479 units valued at N405.465 million transacted last week in 20 deals.

A total of 8,285 units of Bonds valued at N10.658 million were traded this week in 15 deals compared with a total of 26,860 units valued at N33.043 million transacted last week in 32 deals.

A total 29 equities appreciated in price during the week, lower 31 in the previous week even as 36 depreciated in price, higher than 27 equities in the previous week, while 98 remained unchanged, lower than 105 recorded in the previous week.