Investors stake N23.54bn on shares for the week on NSE

A total turnover of 1.675 billion shares worth N23.541 billion in 21,732 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 2.092 billion shares valued at N29.744 billion that exchanged hands last week in 24,238 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.200 billion shares valued at N10.272 billion traded in 12,518 deals; thus contributing 71.64 per cent and 43.64 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 110.564 million shares worth N3.577 billion in 3,234 deals.

The third place was Industrial Goods Industry, with a turnover of 99.761 million shares worth N5.322 billion in 1,309 deals. Trading in the top-three equities namely United Bank for Africa Plc, FBN Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 524.548 million shares worth N5.957 billion in 5,346 deals, contributing 31.32 per cent and 25.30 per cent to the total equity turnover volume and value respectively.

A total of 217,600 units of ETPs valued at N3.699 million were traded in the week in 6 deals compared with a total of 56,069 units valued at N411.581 million transacted last week in 12 deals.

Bonds market recorded a total trade of 9,192 units valued at N10.671 million in the week in 6 deals compared with a total of 4,550 units valued at N4.857 million transacted last week in 8 deals

The NSE All-Share Index and Market Capitalization depreciated by 1.74 per cent to close the week at 38,648.48 and N20.221 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Mainboard, NSE Insurance, NSE ASeM, NSE MERI Growth, NSE Consumer Goods and NSE Oil/Gas Indices, which rose by 0.37 per cent, 2.84 per cent, 0.12 per cent, 0.24 per cent, 2.18 and 0.59 per cent while the NSE Sovereign Bond Index closed flat.

A total of 35 equities appreciated in price during the week, higher than 14 in the previous week even as 38 equities depreciated in price, lower than 71 in the previous week, while 89 equities remained unchanged, higher 77 recorded in the previous week.