Equities market posts 1.072b shares worth ₦7.384 billion

By Temitope Adebayo

Equities market of the Nigerian Stock Exchange (NSE) at the end of trading activities for the week declared a total turnover of 1.072 billion shares worth N7.384 billion in 16,684 deals.

In the previous week, 950.414 million shares valued at N10.123 billion were traded in 16,647 deals.

The Financial Services industry (measured by volume) led the activity chart with 586.761 million shares valued at N4.022 billion traded in 8,483 deals; thus contributing 54.76 per cent and 54.47 per cent to the total equity turnover volume and value respectively.

The conglomerates’ industry followed with 307.744 million shares worth N799.159 million in 1,010 deals.

The third place was the Consumer Goods industry, with a turnover of 50.170 million shares worth N968.272 million in 3,018 deals.

Trading in the top three equities namely Transnational Corporation of Nigeria Plc, UACN Plc and United Bank for Africa Plc. (measured by volume) accounted for 396.337 million shares worth N1.373 billion in 1,845 deals, contributing 36.99 per cent and 18.59 per cent to the total equity turnover volume and value respectively.

The NSE All-Share Index and Market Capitalization both appreciated by 0.35 per cent to close the week at 25,309.37 and N13.203 trillion respectively.

All other indices finished higher with the exception of NSE Premium, NSE Banking, NSE AFR Div Yield and NSE MERI Value Indices which depreciated by 0.45 per cent, 0.23 per cent, 0.77 per cent and 0.9 per cent while the NSE ASeM Closed flat A total of 107,424 units of ETPs valued at N520.306 million were traded this week in 18 deals, compared with a total of 50,479 units valued at N405.465 million transacted last week in 20 deals.

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A total of 8,285 units of Bonds valued at N10.658 million were traded this week in 15 deals compared with a total of 26,860 units valued at N33.043 million transacted last week in 32 deals.

A total of equities appreciated at the price during the week, lower 31 in the previous week even as 36 depreciated in price, higher than 27 equities in the previous week, while 98 remained unchanged, lower than 105 recorded in the previous week