NSE records N10.8b turnover in one week

The Nigerian Stock Exchange (NSE), last week, recorded a turnover of 2.177 billion shares worth N10.753 billion in 21,471 deals.

This volume of shares traded was however, lower than a total of 1.459 billion units valued at N14.165 billion that changed hands in 15,164 deals during the preceding week.

Specifically, at the closed of transactions last week, the financial services industry (measured by volume) led the activity chart with 1.906 billion shares valued at N6.132 billion traded in 13,687 deals; thus contributing 87.57 per cent and 57.03per cent  to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 97.545 million shares worth
N261.502 million in 959 deals.

The consumer goods industry ranked third with a turnover of 94.738 million shares worth N3.122 billion in 3,531 deals.

Trading in the top three equities namely – Equity Assurance Plc, FCMB Group Plc and Zenith International Bank Plc.(measured by volume) accounted for 1.126 billion shares worth N2.325 billion in 3,544 deals, contributing 51.75per cent and 21.62per cent  to the total equity turnover volume and value respectively.

Also traded during the week were a total of 33,808 units of Exchange Traded Products (ETPs) valued at N437, 210.58 executed in 33 deals, compared with a total of 3,650 units valued at N1.641 million transacted last week in 40 deals.