NSE Records N29.2b Turnover as Index Rises 6.07%

June 11, 2017
Stock Investors

NSE Records N29.2b Turnover as Index Rises 6.07%

By Dipo Olowookere

Trading on the floor of the Nigerian Stock Exchange (NSE) last week stayed upbeat as a total turnover of 3.100 billion shares worth N29.180 billion in 33,677deals were transacted by investors on the floor of the NSE in contrast to a total of 2.319 billion shares valued at N23.813 billion that exchanged hands the previous week in 22,310 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.577 billion shares valued at N16.524 billion traded in 19,831 deals; thus contributing 83.15 percent and 56.63 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 173.544 million shares worth N985.456 million in 1,620 deals. The third place was occupied by Consumer Goods Industry with a turnover of 161.347 million shares worth N3.540 billion in 5,275 deals.

Trading in the Top Three Equities namely – FBN Holding Plc, Diamond Bank Plc, and ACCESS Bank Plc (measured by volume) accounted for 1.084 billion shares worth N6.522 billion in 7,095 deals, contributing 34.98 percent and 22.35 percent to the total equity turnover volume and value respectively.

The NSE All-Share Index and Market Capitalization appreciated by 6.07 percent to close the week at 33,276.68 and N11.504 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception the NSE ASeM Index that depreciated by 1.74 percent while the NSE Insurance Index closed flat.

During the week, 59 equities appreciated in price, lower than 61 equities of the previous week.

Furthermore, 21 equities depreciated in price, higher than 12 equities of the previous week, while 93 equities remained unchanged lower than 100 equities recorded in the preceding week.

In a related development, a total of 10,860 units of Federal Government Bonds valued at N10.196 million were traded in the week in 10 deals, compared with a total of 3,786 units valued at N3.806 million transacted the previous week in 4 deals.

Also traded during the week were a total of 40.317 million units of Exchange Traded Products (ETPs) valued at N178.841 million executed in 12 deals compared with a total of 52 units valued at N13,802.70 transacted the preceding week in 6 deals.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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