Investors stake N13.7bn on 1.387mshares in one week
A total turnover of 1.387 billion shares worth N13.726 billion in 15,422 deals were traded on the floor of them Nigerian Stock Exchange (NSE) in contrast to a total of 765.656 million shares valued at N9.717 billion that exchanged hands previous week in 12,468 deals for the week ended Friday March 03,2017.
The Financial Services Industry measured by volume led the activity chart with 1.224 billion shares valued at N9.080 billion traded in 10,213 deals; thus contributing 88.19 percent and 66.15 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 52.016 million shares worth N3.435 billion in 2,311 deals. The third place was occupied by Conglomerates Industry with a turnover of 41.515 million shares worth N63.506 million in 586 deals.
The Nigerian equities market reversed previous week’s positive performance to post a depreciation of 0.94 percent in key market indices last week.The decline occasioned by negative week-to-date performance recorded in the NSE Industrial Index 2.32 percent following a 5 percent drop in the share price of Dangote Cement, while other sectoral indices closed the week higher.
Consequently, the NSE All-Share Index and Market Capitalization closed the week at 25,012.08 and N8.656 trillion respectively in contrast to 25,250.37 and N8.739 trillion recorded previous week ended 25th February 2016.
Trading in the Top Three Equities by volume were Zenith International Bank Plc, Continental Reinsurance Plc and United Bank for Africa Plc.
They accounted for 738.698 million shares worth N6.910 billion in 4,205 deals, contributing 53.24 percent and 50.34 percent to the total equity turnover volume and value respectively.
There were no trades recorded in Exchange Traded Products (ETPs) last week, just as previous week while a total of 375 units of Federal Government Bonds valued at N447,055.02 were traded in 5 deals, compared with a total of 24,850 units valued at N20.533 million transacted previous week in 6 deals.
