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Investors stake N12.5 billion in equities in five days


Nigerian Stock Exchange (NSE)

Nigerian Stock Exchange (NSE)

A turnover of 1.357 billion shares worth N12.475 billion was recorded on the floor of the Exchange in 17,867 deals last week.

This amount traded was however, lower than a total of 2.382 billion units  valued at N18.989 billion that exchanged hands in 19,769 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 1.144 billion shares, valued at N7.357 billion and traded in 10,830 deals; thus contributing 84.34 per cent and 58.98 per cent to the total equity turnover and value respectively.

The conglomerates industry followed with a turnover of 53.776 million shares worth N218.675 million in 873 deals.

The consumer goods industry ranked third with 42.577 million shares worth N2.394 billion in 2,586 deals.

Trading in the top three equities- Standard Alliance Insurance Plc.; Access Bank Plc, and Zenith International Bank Plc (measured by volume) accounted for 566.664 million shares worth N3.393 billion in 2,767 deals, contributing 41.77 per cent and 27.20 per cent to the total equity turnover and value respectively.

Also traded during the week were a total of 55,201 units of Exchange Traded Products (ETPs) valued at N2.905 million executed in 30 deals compared with a total of 6,639 units valued at N999,551.05 transacted last week in 22 deals.

A total of 11,000 units of Federal Government Bonds valued at N12.346 million were traded this week in four deals compared with a total of 14,473 units valued at N15.576 million transacted last week in six deals.

The NSE All-Share Index and Market Capitalization depreciated by 2.34per cent  to close on Friday at 30,705.62 and N10.524 trillion respectively.

Similarly, all the Indices finished lower during the week, with the exception of the NSE Industrial Goods index that chalked up 0.11per cent higher.

However, NSE ASeM Index closed flat. 16 equities appreciated in price during the week, lower than 37 equities of the preceding week.

Also, 58 equities depreciated in price, higher than 29 equities of the preceding week, while 116 equities remained unchanged, lower than 124 equities recorded in the preceding week.

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