Business

NSE Weekly Traded Shares value slips slightly, shed N1bn

By Okoronkwo Imoh

At the close of trading on Friday, the weekly traded shares value on the floor of The Nigerian Stock Exchange (NSE) went down by 26.63 percent from N7.420 billion that was recorded in the previous trading week to N5.444 billion.

 A turnover of 1.052 billion shares worth N8.031 billion in 13,586 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.153 billion shares valued at N8.032 billion that exchanged hands the previous week in 12,783 deals.

 The finance services Industry (measured by volume) led the activity chart with 905.319 million shares valued at N3.399 billion traded in 7,501 deals; thus contributing 86.03 percent and 42.00 percent to the total equity turnover volume and value respectively. The conglomerates Industry followed with 43.996 million shares worth N70.390 million in 581 deals. The third place was occupied by the consumer goods industry with a turnover of 30.487 million shares worth N1.767 billion in 5,565 deals.

Trading in the top three equities namely – AIICO Insurance Plc, Fidelity Bank Plc and Diamond Bank Plc (measured by volume) accounted for 367.616 million shares worth N277.747 million in 895 deals, contributing 34.95 percent and 3.46 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 200 units of Exchange Traded Products (ETPs) valued at N338,077.70 executed in 8 deals, compared with a total of 310 units valued at N19,292.65 transacted last week in 8 deals.

A total of 1,135 units of Federal Government Bonds valued at N1.175 million were traded in 5 deals compared to a total of 100 units of Federal Government Bonds valued at N106,155.39 million transacted last week in 1 deals.

The NSE All-Share Index and Market Capitalization depreciated by 1.38 and percent to close the week at 25,340.02 and N8.770 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception of the NSE Banking and NSE Insurance Index that appreciated by 0.44 percent and 0.90 percent respectively while the NSE ASeM Index closed flat.

Nineteen equities appreciated in price during the week, lower than23 equities of the previous week. 37 equities depreciated in price, higher than thirty-seven equities of the previous week, while119 equities remained unchanged higher than 115 equities recorded in the preceding week.

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