Business

NSE weekly traded shares value slips  N10.8bn

By Okoronkwo Chuks

At the close of trading on Friday, the weekly traded shares value on the floor of The Nigerian Stock Exchange (NSE) went down by N10.791 billion or 57.33 per cent from N18.832 billion that was recorded in the previous trading week to N8.032 billion.

 A turnover of 1.153 million shares worth N8.032 billion in 12,783 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 990.584 billion shares valued at N18.823 billion that exchanged hands the previous week in 14,917 deals.

 The finance services Industry (measured by volume) led the activity chart with 841.221 million shares valued at N3.065 billion traded in 7,102 deals; thus contributing 72.93 per cent and 38.16 per cent to the total equity turnover volume and value respectively. The service Industry followed with 91.826 million shares worth N139.497 million in 265 deals.

The third place was occupied by the industrial goods industry with a turnover of 67.010 million shares worth N247.141 billion in 510 deals.

 Trading in the top three equities namely – Continental Reinsurance Plc, FBN Holdings Plc and Medview Airline (measured by volume) accounted for 381.262million shares worth N788.588 million in 1,008 deals, contributing 33.05 per cent and 9.82 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 310 units of Exchange Traded Products (ETPs) valued at N19,292.65 executed in 10 deals, compared with a total of 8,159 units valued at N527,483.35 transacted last week in 10 deals.

 A total of 100 units of Federal Government Bonds valued at N106,155.39 million were traded in 1 deal compared to a total of 59,299 units of Federal Government Bonds valued at N56,379 million transacted last week in 6 deals.

 The NSE All-Share Index and Market Capitalization depreciated by 2.00 percent and 1.84 percent respectively to close the week at 25,802.54 and N8.892 trillion respectively.

 Similarly, all other Indices finished lower during the week with the exception of the NSE Premium Index and NSE Industrial Goods Indices that appreciated by 0.15 per cent and 4.37 per cent respectively while the NSE ASeM Index closed flat.

Twenty-three equities appreciated in price during the week, lower than 29 equities of the previous week. 37 equities depreciated in price, higher than 30 equities of the previous week, while 115 equities remained unchanged lower than 116 equities recorded in the preceding week.

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