NSE records N17.2b turnover in one week

A turnover of 2.064 billion shares worth N17.179 billion was recorded in 25,577 deals by investors on the floor of the Nigerian Stock Exchange (NSE) last week.

This volume of shares traded was however, lower than 1.919 billion shares valued at N19.402 billion that changed hands in 23,988 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 1.605 billion shares valued at N9.900 billion traded in 14,438 deals, thus contributing 77.79 per cent and 57.63 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with a turnover of 214.683 million shares worth N1.580 billion in 1,604 deals.

The third place was occupied by the consumer goods industry with 84.940 million shares worth N3.036 billion in 4,313 deals.

Trading in the top three equities- United Bank for Africa Plc, Transnational Corporation of Nigeria Plc and Standard Alliance Insurance Plc (measured by volume), accounted for 670.960 million shares worth N2.308 billion in 3,133 deals, contributing 32.51 per cent and 13.43 per cent to the total equity turnover volume and value respectively

Also traded during the week were a total of 2.942 million units of Exchange Traded Products (ETPs) valued at N70.679 million executed in 47 deals compared with a total of 408,933 units valued at N7.019 million recorded in 30 deals.

A total of 9,450 units of Federal Government Bonds valued at N10.824 million were traded this week in 9 deals compared with a total of 10 units of Federal Government Bonds valued at N10,792.74 transacted last week.

The NSE All-Share Index and market capitalisation depreciated by 1.48per cent respectively to close on Friday at 34,485.72 and N11.751 trillion.

Similarly, all the Indices finished lower during the week with the exception of the NSE Insurance and NSE Industrial Goods indices that rose by 2.56 per cent and 0.64 per cent respectively. However, the NSE ASeM Index closed flat

Also, 42 equities appreciated in price during the week, lower than 46 equities of the preceding week. 33 equities depreciated in price, higher than 28 equities of the preceding week, while 120 remained unchanged lower than 122 equities of the preceding week.