By Okoronkwo Imoh
Nigerian Stock Exchange
Investors, last week, exchanged N9.7 billion worth of shares on the floor of the Nigerian Stock Exchange (NSE), pushing All Share Index up by 2.26 per cent.
The weekly traded shares’ value on the floor of the NSE appreciated by N3.753 billion or 63.4 per cent from N5.918 billion that was recorded in the previous trading week to N9.671 billion.
A turnover of 1.333 billion shares worth N9.671 billion in 16,300 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 896.743 million shares valued at N5.918 billion that exchanged hands the previous week in 11,185 deals.
The financial services industry (measured by volume) led the activity chart with 960.307 million shares valued at N6.098 billion traded in 9,675 deals; thus contributing 72.03 percent and 63.06 percent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 154.404 million shares worth N330.132 million in 896 deals. The third place was occupied by the oil and gas industry with a turnover of 60.285 million shares worth N896.174 billion in 1,379 deals.
Trading in the top four equities namely – Access Bank Plc, Transnational Incorporated of Nigeria Plc and Fidelity Plc (measured by volume) accounted for 489.178 million shares worth N1.731 billion in 1,665 deals, contributing 36.69 percent and 17.90 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 533 units of Exchange Traded Products (ETPs) valued at N32,204.30 executed in 15 deals, compared with a total of 100 units valued at N6,799.00 transacted last week in 1 deals.
A total of 4,705 units of Federal Government Bonds valued at N3.934 million were traded in 4 deals compared to a total of 1,311 units of Federal Government Bonds valued at N1.346 million transacted last week in 7 deals.
The NSE All-Share Index and Market Capitalization appreciated by 2.26 percent each to close the week at 25,758.51 and N8.913 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance, NSE Consumer Goods and NSE Lotus ll Indices that depreciated by 0.17 percent, 0.05 percent and 0.97 percent respectively.
Thirty-eight equities appreciated in price during the week, higher than twenty-four equities of the previous week. Twenty-five equities depreciated in price, lower than Thirty-one equities of the previous week, while one hundred and fourteen equities remained unchanged lower than one hundred and twenty-two equities recorded in the preceding week.