Equity trading at the Nigerian Stock Exchange, NSE, at the close of the week on Friday shows that a total turnover of 1.752 billion shares worth N19.681 billion in 22,319 deals were traded this week by investors. That was in contrast to a total of 1.481 billion shares valued at N17.647 billion that exchanged hands last week in 20,449 deals.
The Financial Services Industry led the activity chart with 1.377 billion shares valued at N11.311 billion traded in 14,180 deals; thus contributing 78.63% and 57.47% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 115.142 million shares worth N168.128 million in 1,126 deals. The third place was Consumer Goods Industry with a turnover of 113.079 million shares worth N6.051 billion in 2,993 deals. Trading in the Top Three Equities namely, Diamond Bank Plc, Access Bank Plc and Zenith Bank Plc (measured by volume) accounted for 594.377 million shares worth N4.757 billion in 4,315 deals, contributing 33.93% and 24.17% to the total equity turnover volume and value respectively.
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A total of 25,740 units of Federal Government Bonds valued at N26,597 million were traded this week in 22 deals compared with a total of 5,845 units valued at N6.158 million transacted last week in 18 deals
The NSE All-Share Index and Market Capitalization depreciated by 2.12% to close the week at 31,827.24 and N11.869 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE Insurance and NSE Industrial Goods indices which rose by 3.01% and 0.93% respectively while the NSE ASeM index closed flat.
A total of 26 equities appreciated in price during the week, lower than 34 in the previous week. On the other hand, 38 equities depreciated in price, the same with 38 equities of the previous week, while 104 equities remained unchanged higher than 96 equities recorded in the preceding week
