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Investors stake N6.4b in equities in four days


The Nigerian Stock Exchange recorded a turnover of 910.659 million shares worth N6.409 billion in 15,023 deals last week.

This volume of shares traded was; however, lower than a total of 1.210 billion shares valued at N7.115 billion that changed hands in 15,973 deals during the preceding week.

The drop in turnover, may, however, be attributed to the one-day public holiday declared on Monday, May 2 to commemorate the 2016 Workers’ Day Celebration.

Specifically, the financial services industry (measured by volume) led the activity chart with 757.354 million shares valued at N3.180 billion traded in 8,853 deals; thus contributing 83.17 per cent and 49.62 per cent to the total equity turnover volume and value respectively.

The consumer goods industry followed with 46.972 million shares worth N2.263 billion in 2,636 deals.

The conglomerates industry ranked third with a turnover of 40.009 million shares worth N69.233 million in 498 deals.

Trading in the top three equities namely – FBN Holdings Plc, United Bank For Africa Plc and Fidelity Bank Plc.(measured by volume) accounted for 359.455 million shares worth N1.086 billion in 2,797 deals, contributing 39.47 per cent and 16.94 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 6,837 units of Exchange Traded Products (ETPs) valued at N16.316 million executed in 25 deals, compared with a total of 12,490 units valued at N503, 694.85 transacted last week in 28 deals.

The NSE All-share index and market capitalisation appreciated by 2.55 per cent to close the week at 25,701.60 and N8.841 trillion respectively. Similarly, all other Indices finished higher during the week, with the exception of the NSE Insurance Index, that declined by 0.78 per cent

A total of 23,903 units of Federal Government Bonds valued at N28.385 million were traded in 7 deals compared to a total of 8,990 units of Federal Government valued at N N10.108 million transacted last week in 4 deals.
40 equities appreciated in price during the week, higher than 33 equities of the previous week.

25 equities depreciated in price, lower than 35 equities of the previous week, while 124 equities remained unchanged higher than 121 equities of the previous week.

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