A total turnover of 1.602 billion shares worth N42.142 billion were traded in 19,507 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 1.263 billion shares valued at N10.759 billion that exchanged hands last week in 19,975 deals.
According to the report, the Financial Services Industry led the activity chart with 1.029 billion shares valued at N9.188 billion traded in 11,095 deals; thus contributing 64.22% and 21.80% to the total equity turnover volume and value respectively.
The ICT Industry followed with 215.482 million shares worth N29.855 billion in 566 deals. The third place was Conglomerates Industry, with a turnover of 118.458 million shares worth N675.954 million in 1,088 deals.
It added that trading in the top three equities namely Fidelity Bank Plc, MTN Nigeria Communications Plc and Guaranty Trust Bank Plc accounted for 580.760 million shares worth N34.392 billion in 3,197 deals, contributing 36.25% and 81.61% to the total equity turnover volume and value respectively.
The report explained that a total of 262,526 units valued at N4.187 million were traded this week in 38 deals compared with a total of 671,160 units valued at N2.507 billion transacted last week in 76 deals.
In the Bonds section, a total of 70,316 units valued at N78.374 million were traded this week in 22 deals compared with a total of 60,714 units valued at N73.497 million transacted last week in 17 deals.
The NSE All-Share Index and Market Capitalization appreciated by 1.27% to close the week at 39,301.82 and N20.568 trillion respectively.
All other indices finished higher with the exception of NSE Sovereign Bond Index which depreciated by 0.94% while the NSE ASeM and NSE Growth Indices closed flat. ($1=N380)
GIK/APA