NSE records N7.4b transaction volume in one week

nigerian_stock_exchangeA turnover of 1.111 billion shares worth N7.448 billion were traded recorded in 15,562 deals by investors on the floor of the Nigerian Stock Exchange (NSE) last week in contrast to a total of 1.476 billion shares valued at N7.992 billion that changed hands in 15,743 deals during the preceding week.

Specifically, at the close of transactions last week, the financial services industry (measured by volume) led the activity chart with 900.274 million shares valued at N3.826 billion traded in 10,216 deals; thus contributing 81.00per cent and 51.37per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 72.524 million shares worth N92.218 million in 703 deals.The consumer goods industry ranked third with a turnover of 52.498 million shares worth N1.901 billion in 2,262 deals.

Trading in the top three equities namely – Fidelity Bank Plc, FCMB Holding Plc and Zenith Bank International Plc.(measured by volume) accounted for 427.854 million shares worth N1.646 billion in 2,795 deals, contributing 38.50per cent and 22.10per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 72,054 units of Exchange Traded Products (ETPs) valued at N637, 635.25 executed in 26 deals, compared with a total of 40,021 units valued at N1.885 million transacted last week in 44deals.

There was no transaction recorded on bonds this week. However, a total of 4,063 units of Federal Government Bonds valued at N4.903 million were transacted last week in 3 deals

The NSE’s All-share index and market capitalisation appreciated by 0.65 per cent to close the week at 25,988.40 and N8.940 trillion respectively.

Similarly, all other indices finished higher during the week, with the exception of the NSE premium index and the NSE industrial goods index that declined by 1.65per cent, and 0.15per cent respectively.

39 equities appreciated in price during the week, higher than 35 equities of the previous week. 22 equities depreciated in price, lower than 24 equities of the previous week, while 128 equities remained unchanged, lower than 130 equities recorded in the previous week.

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