Nigeria-Bourse-Economy

Nigerian bourse trades 1.169bn shares worth over $48m

APA – Lagos (Nigeria)

A total turnover of 1.169 billion shares worth N14.762 billion (about $48.4 million) were traded in 14,554 deals this week by investors on the floor of the Nigerian Stock Exchange (NSE).

The weekly report of transactions released on Friday in Lagos by the NSE showed that the figures were in contrast to a total of 1.107 billion shares valued at N11.192 billion that exchanged hands last week in 14,430 deals.

The Financial Services Industry led the activity chart with 983.374 million shares valued at N9.358 billion traded in 8,484 deals, while the Healthcare Industry followed with 44.802 million shares worth N183.753 million traded in 253 deals.

The third place was Consumer Goods Industry with a turnover of 42.758 million shares worth N3.553 billion traded in 2,227 deals.

The report added that trading in the Top Three Equities namely Zenith Bank Plc, FBN Holdings Plc, and United Bank for Africa Plc, accounted for 438.938 million shares worth N 5.691 billion in 2,962 deals, contributing 37.56% and 38.55% to the total equity turnover volume and value respectively.

A total of 316 units of Exchange Traded Products (ETPs) valued at N849,000 were also executed in 5 deals compared with a total of 84,714 units valued at N1.219 million that was transacted last week in 10 deals.

In the Bonds section, a total of 10,934 units of Federal Government Bonds valued at N10.746 million were traded this week in 31 deals compared with a total of 2,908 units valued at N2.516 million transacted last week in 11 deals S/N Security Deals Volume Value

The NSE All-Share Index depreciated by 0.63% while Market Capitalization depreciated by 0.58% to close the week at 30,672.79 and N11.204 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE ASeM, NSE Banking, NSE Insurance and NSE Industrial Goods Indices that rose by 0.71%, 0.18%, 0.20%, and 0.81% respectively. ($1=N305)  


GIK/APA

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