NSE: Investors Trade N32.7b Worth of Shares in 5 Days

The value of equities transacted on the floor of the Nigerian Stock Exchange (NSE) in the last trading week by investors increased to N32.7 billion from N28.7 billion achieved in the previous week.

However, the volume of shares traded dropped to 2.271 billion shares in 20,710 deals compared with 3.255 billion shares executed 25,370 deals in the preceding week.It was gathered that the Financial Services Industry (measured by volume) led the activity chart with 1.843 billion shares valued at N17.715 billion traded in 12,119 deals; thus contributing 81.19 percent and 54.26 percent to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 119.755 million shares worth N5.198 in 2,599 deals, while the third place was occupied by Conglomerates Industry with a turnover of 119.281 million shares worth N273.785 million in 1,109 deals.

Trading in the Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and FBN Holdings Plc (measured by volume) accounted for 998.849 million shares worth N10.412 billion in 4,831 deals, contributing 43.98 percent and 31.89 percent to the total equity turnover volume and value respectively.

During the week, the NSE All-Share Index and Market Capitalization depreciated by 0.28 percent and 0.27 percent to close the week at 28,113.38 and N9.719 trillion respectively. Similarly, all other Indices finished lower during the week with the exception the NSE Premium, NSE Main Board, NSE Banking, NSE Insurance and the NSE Pension indices that appreciated by 3.05 percent, 0.23 percent, 0.38 percent and 0.97 percent while the NSE ASeM Index closed flat. A total 30 equities appreciated in price during the week, lower than 57 equities of the previous week.

Furthermore, 31 equities depreciated in price, higher than 13 equities of the previous week, while 112 equities remained unchanged higher than 103 equities recorded in the preceding week. Also traded during the week were a total of 1,470 units of Exchange Traded Products (ETPs) valued at N10,128.30 executed in 2 deals compared with a total of 948 units valued at N16,591.16 transacted last week in 14 deal. A total of 6,308 units of Federal Government Bonds valued at N5.481million were traded this week in 3 deals, compared with a total of 5,201 units valued at N5.400 million transacted last week in 3 deals.