NSE records N7.1b turnover in one week

The Nigerian Stock Exchange recorded a turnover of 1.210 billion shares worth N7.115 billion in 15,973 deals last week, in contrast to a total of 885.367 million units valued at N5.829 billion that changed hands in 13,870 deals during the preceding week.

Specifically, at the end of transactions last week, the financial services Industry (measured by volume) led the activity chart with 1.053 billion shares valued at N4.618 billion traded in 9,640 deals; thus contributing 87.01 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 54.319 million shares worth N71.287 million in 564 deals. The consumer goods industry ranked third with a turnover of 39.421 million shares worth N1.420 billion in 2,855 deals.

Trading in the top three equities namely – FBN Holdings Plc, Access Bank Plc and United Bank For Africa Plc.(measured by volume) accounted for 654.258 million shares worth N2.413 billion in 3,965 deals, contributing 54.08 per cent and 33.92 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 12,490 units of Exchange Traded Products (ETPs) valued at N503,694.85 executed in 28 deals, compared with a total of 4,511 units valued at N1.401 million transacted last week in 38 deals.

A total of 8,990 units of Federal Government Bonds valued at N10.108 million were traded in 4 deals compared to a total of 3,241 units of Federal Government and Corporate Bonds valued at N3.579 million transacted last week in four deals.

The NSE All-Share index and Market capitalisation appreciated by 0.85 per ceny to close the week at 25,062.41 and N8.621 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of the NSE Insurance Index, NSE Oil/Gas Index, NSE Lotus Index and the NSE Industrial Goods Index that declined by 0.28 per cent , 9.69 per cent, 0.85 per cent and 2.03 per cent respectively, while the NSE ASeM Index closed flat.

Thirty three equities appreciated in price during the week, lower than thirty five 35 equities of the previous week. 35 equities depreciated in price, higher than thirty-two 32 equities of the previous week, while 121 equities remained unchanged lower than122 equities of the previous week.