By Dipo Olowookere
The value of shares transacted this week by investors on the floor of the Nigerian Stock Exchange (NSE) depreciated by N31.98 billion compared with last week.
A total turnover of 2.182 billion shares worth N22.795 billion in 17,019 deals were traded this week in contrast to a total of 2.804 billion shares valued at N54.776 billion that exchanged hands last week in 17,792 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.755 billion shares valued at N11.571 billion traded in 8,730 deals; thus contributing 80.44% and 50.76% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 178.154 million shares worth N8.655 billion in 4,457 deals. The third place was occupied by Services Industry with a turnover of 143.821 million shares worth N92,479 million in 470 deals.
Trading in the Top Three Equities namely – Wapic Insurance Plc, Zenith International Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 973.088 million shares worth N5.854 billion in 2,493 deals, contributing 44.59% and 25.68% to the total equity turnover volume and value respectively.
Business Post reports that the NSE All-Share Index and Market Capitalization appreciated by 1.80% and 1.84% to close the week at 37,365.91 and N13.009 trillion respectively.
Similarly, all other indices finished higher during the week with the exception of the NSE Oil/Gas Index which depreciated by 1.45% while the NSE ASeM Index closed flat.
At the close of trading activities this week, 36 equities appreciated in price during the week, higher than 20 of the previous week.
In addition, 24 equities depreciated in price, lower than 43 equities of the previous week, while 111 equities remained unchanged higher than 108 equities recorded in the preceding week.
Also traded during the week were a total of 127 units of Exchange Traded Products (ETPs) valued at N13,837.30 executed in 5 deals meanwhile there were no trades recorded last week.
Furthermore, a total of 9,024 units of Federal Government Bonds valued at N9.485 million were traded this week in 15 deals, compared with a total of 5,950 units valued at N6.247 million transacted last week in 2 deals.
more recommended stories
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.
How T-Bills Rates Are Determined—DMO
By Dipo Olowookere The Debt Management.
NSE Lifts Suspension on RT Briscoe Shares
By Dipo Olowookere The restriction placed.