Dipo Olowookere
By Dipo Olowookere
In the just concluded trading week, investors in the Nigerian stock market posted a gain of N15 billion. This was despite the benchmark index going down by 2.09 percent.
Business Post reports that a total turnover of 1.852 billion shares worth N51.523 billion in 23,863 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 3.316 billion shares valued at N36.451 billion that exchanged hands last week in 29,771 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.377 billion shares valued at N17.137 billion traded in 14,334 deals; thus contributing 74.35 percent and 33.26 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 175.880 million shares worth N8.044 billion in 4,882 deals and the third place was occupied by Conglomerates Industry with a turnover of 134.882 million shares worth N821.653 million in 1,108 deals.
Trading in the Top Three Equities namely; Zenith International Bank Plc, FBN Holdings Plc and Diamond Bank Plc (measured by volume) accounted for 632.027 million shares worth N8.494 billion in 5,616 deals, contributing 34.13 percent and 16.49 percent to the total equity turnover volume and value respectively.
In addition, the NSE All-Share Index depreciated by 2.09 percent while the Market Capitalization appreciated by 0.04 percent to close the week at 38,436.08 and N13.678 trillion respectively.
Furthermore, all other indices finished lower during the week with the exception of the NSE Consumer Goods, NSE Oil/Gas and NSE Lotus II Indices that appreciated by 0.68 percent, 4.54 percent, and 0.71 percent respectively while the NSE ASeM closed flat.
Also during the week, 16 equities appreciated in price during the week, lower than 47 of the previous week.
Furthermore, 46 equities depreciated in price, higher than 20 equities of the previous week, while 110 equities remained unchanged higher than 105 equities recorded in the preceding week.
Traded during the week too were a total of 1,120 units of Exchange Traded Products (ETPs) valued at N14,179.00 executed in 4 deals, compared with a total of 1.189 million valued at N11.662 million that was transacted last week in 30 Deals.
In addition, a total of 5,382 units of Federal Government Bonds valued at N5.680 million were traded this week in 17 deals, compared with a total of 5,240 units valued at N4.406 million transacted last week in 23 deals.
