By Dipo Olowookere
A total turnover of 1.825 billion shares worth N24.653 billion in 23,148 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 3.008 billion shares valued at N30.296 billion that exchanged hands last week in 24,036 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.360 billion shares valued at N14.642 billion traded in 12,118 deals; thus contributing 74.51 percent and 59.40 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 124.816 million shares worth N6.910 billion in 3,709 deals.
The third place was occupied by Oil and Gas Industry with a turnover of 112.479 million shares worth N1.389 billion in 3,429 deals.
Trading in the Top Three Equities namely – Law Union And Rock Insurance Plc, FBN Holdings Plc, and Zenith Bank Plc (measured by volume) accounted for 581.018 million shares worth N7.098 billion in 4,283 deals, contributing 31.83 percent and 28.79 percent to the total equity turnover volume and value respectively.
The NSE All-Share Index and market capitalization appreciated by 1.05 percent and 1.34 percent to close the week at 41,244.89 points and N14.940 trillion respectively.
Similarly, all other indices finished higher with the exception of NSE Premium, NSE AseM, NSE Insurance, and NSE Industrial Goods indices that depreciated by 0.92 percent, 0.82 percent, 1.57 percent and 4.89 percent respectively.
During the week, 33 equities appreciated in price, lower than 36 in the previous week, while 41 equities depreciated in price, higher than 33 equities of the previous week, and 95 equities remained unchanged lower than 100 equities recorded in the preceding week.
Also traded during the week were a total of 56,260 units of Exchange Traded Products (ETPs) valued at N376,387.48 executed in six deals, compared with a total of 177,144 units valued at N2.809 million that was transacted last week in six deals.
In addition, a total of 725 units of Federal Government Bonds valued at N660,984.55 were traded this week in 10 deals, compared with a total of 13,735 units valued at N14.128 million transacted last week in 16 deals.
more recommended stories
Dangote Cement Rakes N685b in 9 Months as Profit Grows 2.7%
By Modupe Gbadeyanka A total of.
Asian Equities Close Mixed
By Investors Hub Asian stocks turned.
European Stocks Advance Amid Cut in Italy’s Credit Rank
By Investors Hub European stocks have.
US Shares Open Higher on Rally by Chinese Stocks
By Investors Hub The major U.S..