NSE trades 1.4b shares worth N10.7 billion in bearish week

The Nigerian Stock Exchange (NSE) has reported a turnover of 1.361 billion shares worth N10.711 billion during last week’s equities transactions.

According to the local bourse’s weekly report, these transactions were carried out in 16,070 deals on the floor of the Exchange in contrast to a total of 1.185 billion shares valued at N13.033 billion that exchanged hands previous week in 18,548 deals.

Furthermore, lead indicators of the NSE; The All-Share Index and Market Capitalization depreciated by 0.65 percent to close the week at 27,246.88 basis points and N9.358 trillion respectively.

The report also noted that all other Indices finished lower during the week, with the exception of the NSE Industrial Goods Index that gained 0.66 percent on account of a 4.16 percent or N2.13 increase in the stocks of Lafarge Africa Plc that closed at N53.28 per share, while the NSE ASeM Index closed flat.

Eighteen other equities appreciated in price during the week, lower than twenty-two equities of the previous week. Thirty-eight equities depreciated in price, lower than forty equities of the previous week, while one hundred and twenty four equities remained unchanged higher than one hundred and eighteen equities recorded in the preceding week.

Trading in the Top Three Equities last week were: Wapic Insurance Plc, FBN Holdings Plc and Guaranty Trust Bank Plc (measured by volume) accounting for 666.721 million shares worth N5.064 billion in 3,205 deals, contributing 48.99 percent and 47.27 percent to the total equity turnover volume and value respectively.

The Financial Services Industry (measured by volume) led the activity chart with 1.237 billion shares valued at N7.913 billion traded in 9,544 deals; thus contributing 90.87 percent and 73.88 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 46.182 million shares worth N77.192 million in 637 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 38.102 million shares worth N1.372 billion in 2,907 deals.

Also traded during the week were a total of 1.003 million units of Exchange Traded Products (ETPs) valued at N12.116 million executed in 43 deals, compared with a total of 11,383 units valued at N128,168.98 transacted last week in 48 deals.

A total of 4,044 units of Federal Government Bonds valued at N4.062 million were traded in 6 deals compared to a total of 340 units of Federal Government Bonds valued at N370,066.80 transacted last week in 1 deal.