A TURNOVER of 1.345 billion shares worth N19.580 billion was exchanged in 17,075 deals by investors on the floor of the Nigerian Stock Exchange lastweek, in contrast to a total of 1.778 billion shares valued at N38.103 billion that changed hands in 24,186 deals during the pre ceding week..
The drop in turnover, may, however, be attributed to the two-day holiday declared by the Federal Government to commemorate the Eid Ul Fitri celebrations.
Specifically, the financial services industry (measured by volume) led the activity chart with 1.019 billion shares valued at N9.004 billion traded in 7,704 deals; thus contributing 75.78per cent and 45.98 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with a turnover of 105.811 million shares worth 696.406 million in 1,262 deals.
The third place was occupied by the oil and gas Industry with 88.513 million shares worth N2.692 billion in 3,157 deals.
Trading in the top three equities namely- Access Bank Plc, Wema Bank Plc and Transnational Corporation Of Nigeria Plc (measured by volume) accounted for 539.349 million shares worth N3.514 billion in 1,654 deals, contributing 40.10per cent and 17.95per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 27,660 units of Exchange Traded Products (ETPs) valued at N613,729.40 executed in 13 deals compared with a total of 516,299 units valued at N10.120 million transacted last week in 17 deals.
Similarly, 77,480 units of FGN bonds valued at N90.277 million were traded this week in 8 deals compared with a total of 300 units of FGN bonds valued at N349, 812.46 transacted last week in 3 deals.
The NSE All-Share Index and Market Capitalization depreciated by 0.83per cent to close on Friday at 41,934.40 and N13.847 trillion respectively.
Similarly, all the NSE sector indices depreciated during the week with the exception of the NSE Consumer Goods Index, NSE Oil and Gas Index and NSE Industrial Goods Index that appreciated during the week by 0.14per cent, 3.93per cent and 0.41per cent respectively. Meanwhile, NSE ASeM index closed flat.
27 equities appreciated in prices during the week higher than 26 equities of the preceding week.
47 equities depreciated in prices lower than 54 equities of the preceding week, while 126 equities remained unchanged higher than 120 recorded in the preceding week.
Source: Guardian Newspaper
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