NSE weekly equities’ turnover hits N51.5bn

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A total turnover of 1.852 billion shares worth N51.523bn in 23,863 deals, were traded last week by investors on the floor of the Nigerian Stock Exchange.

However, a total of 3.316 billion shares valued at N36.451bn had exchanged hands the penultimate week in 29,771 deals.

The financial services industry (measured by volume) led the activity chart with 1.377 billion shares valued at N17.137bn traded in 14,334 deals; thus contributing 74.35 per cent and 33.26 per cent to the total equity turnover volume and value, respectively.

The consumer goods industry followed with 175.880 million shares worth N8.044bn in 4,882 deals. The third place was occupied by conglomerates industry with a turnover of 134.882 million shares worth N821.653m in 1,108 deals.

Zenith International Bank Plc, FBN Holdings Plc and Diamond Bank Plc (measured by volume) accounted for 632.027 million shares worth N8.494bn in 5,616 deals, contributing 34.13 per cent and 16.49 per cent to the total equity turnover volume and value, respectively.

Also traded during the week were a total of 1,120 units of Exchange Traded Products valued at N14,179.00 executed in four deals, compared with a total of 1.189 million valued at N11.662m that was transacted the penultimate week in 30 deals.

A total of 5,382 units of Federal Government Bonds valued at N5.68m were traded last week in 17 deals, compared with a total of 5,240 units valued at N4.406m transacted the penultimate week in 23 deals.

The NSE All-Share Index depreciated by 2.09 per cent while the market capitalisation appreciated by 0.04 to close the week at 38,436.08 and N13.678tn, respectively. In addition, all other indices finished lower during the week with the exception of the NSE consumer goods, NSE oil/gas and NSE Lotus II indices that appreciated by 0.68 per cent, 4.54 per cent, and 0.71 per cent, respectively while the NSE ASeM closed flat.

Sixteen equities appreciated in price during the week, lower than 47 of the previous week. Forty-six  equities depreciated in price, higher than 20 equities of the previous week, while 110 equities remained unchanged higher than 105 equities recorded in the preceding week.

For new listings (debt category), a total volume of 72,424 and 183,807 units of 12.091 per cent FGNSB November 2019 and 13.091 per cent FGNSB November 2020, respectively, were admitted to trade at the Exchange on December 15, 2017.

On memorandum listings, seven Funds created by Stanbic IBTC Asset Management Limited – the Stanbic IBTC Money Market Fund, Stanbic IBTC Bond Fund, Stanbic IBTC Balance Fund, Stanbic IBTC Imaan Fund and Stanbic Umbrella Fund, were listed by the Exchange on December 11, 2017 for memorandum purpose.

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