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Investors Trade Two Billion Shares Worth N22b in 5 Days

By Dipo Olowookere

A total turnover of 2.018 billion shares worth N21.740 billion in 25,496 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.940 billion shares valued at N27.924 billion that exchanged hands last week in 28,567 deals.

The Financial Services Industry measured by volume led the activity chart with 1.520 billion shares valued at N12.648 billion traded in 16,225 deals; thus contributing 75.30% and 58.18% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 130.660 million shares worth N6.912 billion in 4,168 deals.

The third place was occupied by Oil and Gas Industry with a turnover of 130.163 million shares worth N251.941 million in 1,420 deals.

Trading in the Top Three Equities namely–FBN Holdings Plc, Fidelity Bank Plc and Skye Bank Plc measured by volume accounted for 567.824 million shares worth N3.456 billion in 4,891 deals, contributing 28.14% and 15.90% to the total equity turnover volume and value respectively.

The NSE All-Share Index and Market Capitalization depreciated by 0.16% to close the week at 42,570.89 and N15.277 trillion respectively.

Similarly, all other indices finished lower during the week with the exception of the NSE Banking, NSE Insurance NSE CG Indices that rose by 1.52%, 1.24% and 0.27% respectively, while NSE ASem closed flat.

Twenty-three equities appreciated in price during the week, lower than 30 of the previous week. Fifty-four equities depreciated in price, higher than 48 equities of the previous week, while 95 equities remained unchanged higher than 94 equities recorded in the preceding week.

Also traded during the week were a total of 111,794 units of Exchange Traded Products (ETPs) valued at N1.806 million executed in 10 deals, compared with a total of 25,586 units valued at N3.004 million that was transacted last week in 11 deals.

A total of 9,963 units of Federal Government Bonds valued at N10.057 million were traded this week in 21 deals, compared with a total of 2,785 units valued at N2.627 million transacted last week in 16 deals.

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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.

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