The
financial services industry dominated transactions in volume terms on the
Nigerian Stock Exchange (NSE) at the end of last week, with 798.128 million
shares, valued at N4.319 billion traded in 9,115 deals. Thus, the volume of
shares traded in the sector, contributed 63.33 per cent to the total
equity turnover last week.
The consumer
goods industry followed with 222.511 million units, worth N4.379 billion
in 2,022 deals. The oil and gas Industry ranked third with a turnover of 89.061
million shares worth N7.862 billion in 1,937 deals.
Consequently,
a turnover of 1.261 billion shares worth N17.520 billion were
recorded in 14,861 deals by investors on the floor of the Exchange in
contrast to 1.656 billion shares valued at N12.58 billion, exchanged in
12,860 deals during the preceding week.
Trading in
the top three equities– United Bank For Africa Plc, Mutual Benefits Assurance
Plc and Diamond Bank Plc (measured by volume), accounted for 358.709 million
shares worth N960.482 million in 870 deals, contributing 28.46 per
cent and 5.41 per cent to the total equity turnover volume and value
respectively.
Also traded
during the week were 10,170 units of Exchange Traded Products (ETPs) valued at
N123.641.70 executed in 22 deals, compared with a total of 2.439 units valued
at N18.276 million transacted last week in 15 deals. A total of 25,219 units of
Federal Government and corporate bonds valued at N24.458 million were traded
last week in three deals, compared with a total of 411 units valued
at N428,995.77 transacted last week in one deal.
The NSE All-Share
Index and market capitalisation depreciated by 0.83 per cent to close the
week at 26,486.02 and N9.113 trillion respectively. Similarly, all other
indices finished lower during the week with the exception of the NSE Premium
and NSE Industrial Goods Indices that rose by 1.91 per cent and 3.21 per
cent respectively while the NSE ASeM Index closed flat.
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