Trading on the floor of the Nigerian Stock Exchange last week saw Investors exchange the sum of 2.570 billion shares worth N27.884 billion in 31,466 transactions in contrast to a total of 4.288 billion shares valued at N25.989 billion that exchanged hands in 32,849 deals.
The NSE All-Share Index and Market Capitalization both appreciated by 3.442% to close the week at 42,412.66 and N22.187 trillion respectively. Similarly, all other indices finished higher with the exception of NSE Oil/Gas which depreciated by 7.25% while the NSE ASeM and NSE Growth Indices closed flat.
The Financial Services Industry (measured by volume) led the activity chart with 1.497 billion shares valued at N12.695 billion traded in 14,324 deals; thus contributing 58.22% and 45.53% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 363.263 million shares worth N821.428 million in 1,722 deals. The third place was Consumer Goods Industry, with a turnover of 220.759 million shares worth N3.953 billion in 5,952 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria, Union Bank of Nigeria Plc and Zenith Bank Plc (measured by volume) accounted for 633.261 million shares worth N5.634 billion in 3,947 deals, contributing 24.64% and 20.20% to the total equity turnover volume and value respectively.
Forty-one equities appreciated in price during the week, lower than Fifty-three equities in the previous week. Meanwhile, thirty-four equities depreciated in price, higher than Twenty-nine equities in the previous week, while eighty-six equities remained unchanged, higher than seventy-nine recorded in the previous week.