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NSE records N14.4 billion turnover in one week


NSE (Nigerian Stock Exchange)

NSE (Nigerian Stock Exchange)

A TURNOVER of 1.626 billion shares worth N14.426 billion was recorded in 20,124 deals by investors on the floor of the Nigerian Stock Exchange last week.

This amount traded, was however, lower than a total of 1.584 billion shares valued at N20.151 billion that exchanged hands in 23,279 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 1.289 billion shares valued at N9.741 billion traded in 10,522 deals; thus contributing 79.29per cent and 67.52per cent to the total equity turnover volume and value respectively.

The services industry followed with a turnover of 76.626 million shares worth N97.927 million in 1,140 deals.

The third place was occupied by the consumer goods industry with 69.608 million shares worth N2.078 billion in 3,552 deals.

Trading in the top three equities namely- United Bank for Africa Plc, Zenith International Bank Plc, and FBN Holdings Plc, (measured by volume) accounted for 754.043 million shares worth N6.223 billion in 3,699 deals, contributing 46.37per cent and 43.13per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 25,469 units of Exchange Traded Products (ETPs) valued at N3.339 million executed in 53 deals compared with a total of 1.388 million units valued at N31.490 million transacted last week in 47 deals.

There was no bond traded this week under review. However, a total of 4,569 units of Federal Government Bonds valued at N4.966 million were traded last week in 2 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.15per cent and 0.16per cent to close on Friday at 34,439.40 and N11.697 trillion respectively.
Similarly, six indices finished higher during the week with the exception of the NSE Banking and NSE Insurance indices that edged lower by 0.19per cent and 0.14per cent respectively.

30 equities appreciated in price during the week, lower than 32 equities of the preceding week. 41 equities depreciated in price, lower than 5 equities of the preceding week, while 122 remained unchanged higher than 116 equities of the preceding week.

Meanwhile, sequel to the bonus issue of one for four declared by GlaxoSmithKline consumer Plc, a total of 239,175,298 units were added to the existing shares of the company, thus bringing the total outstanding shares to 1,195,876,488 units.

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