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Exchange records N6.6b transactions in three-day trading


Nigeria stock exchangeVolume of transactions on the Nigerian Stock Exchange witnessed a downturn last week, as a turnover of 743.117 million shares worth N6.591 billion were recorded in 8,325 deals, down from 1.457 billion shares valued at N13.803 billion that changed hands in 13,648 deals during the preceding week.

The drop in turnover, may however, be attributed to the two-day holiday declared by the Federal Government on Thursday and Friday to commemorate the Eid-el-Maulud and Christmas Celebration respectively.

Specifically, the financial services industry (measured by volume) led the activity chart with 652.872 million shares valued at N3.583 billion traded in 5,226 deals, contributing 87.86 per cent and 54.36 per cent to the total equity turnover volume and value respectively.
The consumer goods industry followed with 30,540 million shares worth N2.08 billion in 1,332 deals.

The conglomerates industry trailed with a turnover of 29.052 million shares worth N154.209 million in 483 deals.
Trading in the top three equities- Wema Bank Plc, Guaranty Trust Bank Plc and FBN Holdings
Plc (measured by volume) accounted for 335.820 million shares worth N2.159 billion in 1,516 deals, contributing 45.19 per cent and 32.76 per cent to the total equity turnover volume and value respectively.

Also traded during the week were 721 units of Exchange Traded Products (ETPs) valued at N250,859.50, executed in 19 deals, compared with a total of 6,372 units valued at N445,625.60, exchanged  in 32 deals.

There was no transaction recorded on bonds last week.
The NSE All-Share Index and market capitalisation appreciated by 1.26 per cent to close the week at 26,871.24 and N9.238 trillion respectively.

Similarly, all other indices finished higher during the week, with the exception of NSE Insurance and NSE
Consumer Goods Indices that depreciated by 1.02 per cent and 0.44 per cent respectively, while the NSE ASeM Index closed flat.

Also, 26 equities appreciated in price during the week, lower than 27 equities of the preceding week.
However, 27 equities depreciated in price, lower than 41 equities of the previous week, while 137 equities remained unchanged, higher than 122 equities recorded in the preceding week.

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