By Modupe Gbadeyanka
Investors in the Nigerian equities market recorded a turnover of 1.656 billion shares worth N12.58 billion in 12,860 deals this week in contrast to a total of 894.759 million shares valued at N10.63 billion that exchanged hands last week in 13,418 deals.
The market opened for four days only during the week due to the public holiday declared by the Federal Government on Monday, December 12, 2016, in commemoration of the Eid-el-Maulud celebration.
The Financial Services Industry (measured by volume) led the activity chart with 1.504 billion shares valued at N6.183 billion traded in 7,311 deals; thus contributing 90.82 percent and 49.15 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 51.395 million shares worth N4.753 billion in 2,027 deals.
The third place was occupied by the Conglomerates Industry with a turnover of 46.282 million shares worth N52.408 million in 553 deals.
Trading in the Top Three Equities namely – Union Bank Nigeria Plc, United Bank For Africa Plc and
FCMB Group Plc (measured by volume) accounted for 865.701 million shares worth N3.370 billion in 999 deals, contributing 52.26 percent and 26.79 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 2.439 million units of Exchange Traded Products (ETPs) valued at N18.276 million executed in 15 deals, compared with a total of 2,850 units valued at N355,162.85 transacted last week in 21 deals.
A total of 411 units of Federal Government Bonds valued at N428,995.77 were traded this week in 1 deal. However, there was no bond traded last week.
The NSE All-Share Index and Market Capitalization appreciated by 3.44 percent to close the week at 26,707.10 and N9.189 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance, NSE Consumer Goods and NSE Lotus II Indices that depreciated by 0.53 percent, 1.68 percent, and 0.46 percent respectively, while the NSE ASeM Index closed flat.
Also, 40 equities appreciated in price during the week, higher than 27 equities of the previous week. However, 19 equities depreciated in price, lower than 36 equities of the previous week, while 116 stocks remained unchanged higher than 112 equities recorded in the preceding week.
more recommended stories
Asian Stock Markets Record Strong Growth
By Investors Hub Asian stocks rose.
European Shares Remain in Green Territory
By Investors Hub European stocks have.
Naira Suffers 0.14% Loss at I&E on Rising FPI Outflows
By Cowry Asset In the just.
NSE Index Closes Week Bullish, Gains 0.18%
By Dipo Olowookere Life was brought.