A total turnover of 1.470 billion shares worth N15.498 billion (about $50.813 million) were traded in 18,092 deals this four-day trading week by investors on the floor of the Nigerian Stock Exchange (NSE).
The Federal Government of Nigeria declared Wednesday 1st May, 2019 a public holiday to mark the Workers Day celebrations.
The weekly report of trading released by the NSE on Friday in Lagos showed that the figures were in contrast to a total of 1.432 billion shares valued at N15.089 billion that exchanged hands last week in 15,342 deals.
The report added that the Financial Services Industry led the activity chart with 610.138 million shares valued at N5.828 billion and traded in 8,012 deals.
The Conglomerates Industry followed with 227.766 million shares worth N777.211 million in 1,558 deals, while the third place was Consumer Goods Industry with a turnover of 154.760 million shares worth N4.496 billion traded in 3,622 deals.
Trading in the Top Three Equities namely, Transnational Corporation of Nigeria Plc, Cement Company of Northern Nigeria Plc and Japaul Oil & Maritime Services Plc accounted for 403.650 million shares worth N2.103 billion in 1,124 deals.
According to the report, a total of 1.190 million units of Exchange Traded Products (ETPs) valued at N10.967 were executed in 12 deals compared with a total of 4,800 units valued at N45,578.70 transacted last week in 9 deals.
In the Bonds section, a total of 14,589 units of Federal Government Bonds valued at N15.164 million were traded this week in 12 deals compared with a total of 41,150 units valued at N43.977 million transacted last week in 11 deals.
The NSE All-Share Index depreciated by 1.78% while Market Capitalization depreciated by 1.77% to close the week at 29,212.00 and N10.979 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE Pension, NSE Insurance and NSE Oil/Gas Indices that rose by 0.49% 1.30% and 0.02% respectively. ($1=N305)
GIK/APA