NSE records N16.9 billion turnover in one week

A turnover of 1.221 billion shares worth N16.964 billion were traded in 19,847 deals by investors on the floor of the Exchange last week in contrast to a total of 1.799 billion shares valued at N22.105 billion that changed hands in 17,337 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 935.233 million shares valued at N9.258 billion traded in 11,066 deals; thus contributing 76.58 per cent and 54.58per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with a turnover of 77.298 million shares worth N5.048 billion in 3,144 deals.

The Conglomerates Industry occupied the third place with 47.348 million shares worth N228.761 million in 1,182 deals.

Consequently, trading in the top three equities namely – Zenith International Bank Plc, Diamond Bank Plc and United Bank for Africa Plc., (measured by volume) accounted for 357.004 million shares worth N4.033 billion in 3,021 deals, contributing 29.23 per cent and 23.77 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 8,966 units of Exchange Traded Products (ETPs) valued at N5.556 million executed in 32 deals compared with a total of 3,474 units valued at N1.003 million transacted last week in 19 deals.

A total of 14,817 units of Federal Government Bonds valued at N17.586 million were traded this week in 5 deals compared with a total of 64,465 units of Federal and State Government Bonds valued at N69.372 million traded in 7 deals in the previous week.

The NSE All-Share Index and Market Capitalization depreciated by 1.88 per cent and 1.44per cent to close on Friday at 33,664.91 and N11.491 trillion respectively.

Similarly, four indices finished lower during the week, while NSE Consumer Goods, NSE Lotus II, NSE Industrial Goods Indices closed higher by 0.08 per cent , 0.37 per cent, and 0.16per cent respectively. However, the NSE ASeM index closed flat.

On the price movement chart, 27 equities appreciated in price during the week, lower than 38 equities of the preceding week. 47 equities depreciated in price, higher than 31 equities of the preceding week, while 119 equities remained unchanged, lower than 124 equities recorded in the preceding week.

Meanwhile, a total of 2,949,933,156 ordinary shares of 50kobo each at N16.50 per share belonging to OANDO PLC were admitted to trading on 4th of June.

This arose from a Rights Issue of the company on the basis of one new ordinary share for every three ordinary shares held, thus bringing the total outstanding shares of the company to 12,034,618,894 units

Also, additional warehoused ordinary shares of 482,754 units of 50 kobo each of Pharma Deko Plc were admitted to trading on the 4th of June 2015, bringing the total outstanding shares of the company to 216,820,448 units.