A total turnover of 1.555 billion shares, worth N13.504 billion, were traded last week by investors in 18,409 deals, in contrast to a total of 1.493 billion shares, valued at N15.107 billion that exchanged hands in 14,549 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 1.365 billion shares, valued at N6.507 billion, traded in 10,880 deals, thus contributing 87.76 per cent and 48.19 per cent to the total equity turnover volume and value, respectively.
The Consumer Goods Industry followed with 70.496 million shares, worth N5.637 billion in 3,398 deals. The third place was occupied by Conglomerates Industry with a turnover of 58.779 million shares, worth N141.929 million in 706 transactions.
Trading in the Top three Equities, namely: Diamond Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 985.762 million shares, worth N2.841billion in 3,401 deals, contributing 63.39 per cent and 21.04 per cent to the total equity turnover volume and value, respectively.
Also traded during the week, were a total of 60 units of Exchange Traded Products, valued at N2, 265.60 and executed in six deals, compared with a total of 2,000 units, valued at N34,000.00, transacted last week in one deal.
For the Bond market, a total of 1,041 units of Federal Government Bonds, valued at N1.040 million were also traded last week in 10 deals, compared with a total of 2,360 units valued at N2.029 million exchanged in the preceding week in seven transactions.
However, the NSE’s All-Share Index and Market Capitalisation appreciated by 1.45 per cent to close the week at 36,848.17 and N12.684trillion, respectively. Similarly, all other indices finished higher during the week with the exception of the NSE ASeM Index, which closed flat.
Forty-one equities appreciated in price during the week, higher than 38 in the previous week. Twenty-three equities depreciated in price, lower than 26 equities of the previous week, while 107 equities remained unchanged.
Reacting on the weekly activities, a financial analyst, Mr. Abimbola Oderinde, said the positive results declared by some quoted companies, especially the banks, this year, was one of the reasons the capital market
inched up.
Oderinde explained that the banks were often times the active players in the market, thereby always leading the activity chart.
He, however, advised that investors should take advantage of the penny stocks and invest for long-term return on investment.
