Investors stake N18.8billion in equities in four trading days

Despite the one-day holiday declared on January 1st, to mark the New Year celebration, heavy transactions in the shares of Transnational Corporation of Nigeria, and Diamond Bank, last week, lifted the volume of shares traded as a turnover of 2.417 billion shares worth N18.813billion were recorded in 20,874 deals by investors on the floor of the Exchange.

This volume of shares traded was higher than the 1.310 billion units valued at N12.635billion that changed hands in 9,016 deals in the last week of December.

Specifically, at the close of transactions last week, the financial services industry (measured by volume) led the activity chart with 1.677 billion shares valued at N8.734 billion traded in 13,033 deals; thus contributing 69.39 per cent to the total equity turnover volume. The conglomerates Industry followed with 536.922 million shares worth N1.258 billion in 1,288 deals.

The third place was occupied by the consumer goods industry with a turnover of 100.460 million shares worth N6.951 billion in 3,426 deals.

Precisely, trading in top three equities namely – Transnational Corporation of Nigeria Plc, Diamond Bank Plc, and Skye Bank Plc (measured by volume) accounted for 1.193 billion shares worth N1.681 billion in 2,957 deals, contributing 49.37 per cent to the total equity turnover.

Also traded during the week were a total of 305,604 units of Exchange Traded Products (ETPs) valued at N3.498 million executed in eight deals, compared with a total of 276 units valued at N9,865.34 that was transacted last week in 12 deals.

A total of 2,162 units of Federal Government Bonds valued at N12.635billion were also traded in the week in nine deals, compared with a total of 422,672 units valued at N436.190million transacted a week ago in 20 deals

The NSE All-share index, and market capitalisation appreciated by 1.78 per cent to close the week at 38,923.26 and N13.851trillion respectively.

Similarly, all other indices finished higher during the week with the exception of the NSE Premium, NSE ASeM and NSE Lotus II Indices that depreciated by 0.58 per cent, 1.44 per cent and 0.82 percent respectively.

About 55 equities appreciated in price during the week, higher than 32 of the previous week, while 12 equities depreciated lower than 25 equities in the previous week. Also, 105 equities remained unchanged lower than 115 equities recorded in the preceding week.

A total volume of 46.370 million units of 16.75 per cent LAB AUG 2024, and 38.770 million units of 17.25 per cent LAB AUG 2027, were admitted to trade at the Exchange on January 4th.