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NSE records N13.1 billion turnover in one week

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Volume of shares traded on the equities sector of the Nigerian Stock Exchange (NSE) soared significantly last week, as a turnover of 2.446 billion shares worth N13.145 billion was recorded in 23,680 deals.

This volume of shares recorded was however, higher than a total of 1.826 billion shares valued at N14.468 billion that changed hands in 20,058 deals during the preceding week.

Specifically, the financial services industry (measured by volume), led the activity chart with 2.012 billion shares valued at N9.493 billion traded in 14,200 deals; thus contributing 82.26 per cent and 72.22 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 208.483 million shares worth
N268.053 million in 1,134 deals.

The oil and gas industry with a turnover of 80.269 million shares worth N692.612 million in 2,826 deals.

Trading in the top three equities– Wema Bank Plc, Zenith International Bank Plc and Access Bank Plc (measured by volume) accounted for 871.331 million shares worth N5.297 billion in 3,956 deals, contributing 35.63 per cent and 40.30 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 307,411 units of Exchange Traded Products (ETPs) valued at N21.406 million executed in 38 deals, compared with a total of 382,448 units valued at N10.288 million transacted last week in 43 deals.

A total of 4,143 units of Federal Government Bonds valued at N4.248 million were traded in eight deals compared to a total of 8,033 units of Federal Government valued at N8.923 million transacted last week in six deals.

The NSE All-share index and market capitalisation appreciated by 2.55 per cent and 2.36 per cent to close the week at 27,116.45 and N9.313 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of the NSE ASeM Index, NSE Insurance Index and the NSE Oil/Gas Index that declined by 0.03 per cent, 1.73 per cent and 0.76 per cent.

Also, 35 equities appreciated in price during the week, lower than 54 equities of the previous week. 37 equities depreciated in price, higher than 17 equities of the previous week, while 109 equities remained unchanged, lower than 118 equities of the previous week.

Meanwhile, eight companies have been delisted from the daily official list of the Exchange effective from May 18, 2016.

These are IPWA Plc, G. Cappa Plc, West African Glass Industries Plc (WAGI), Investment & Allied Insurance Plc, ALUMACO Plc, Jos International Breweries Plc, Adswitch Plc and Rokanna Plc.

The delisting of the above companies, according to the NSE, was approved by the Quotations Committee of the National Council of the Nigerian Stock Exchange on since March 18, 2016.



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