Investors at the Nigerian Stock Exchange last week traded a total of 1.147 billion shares valued at the sum of N14.082 billion in 17,980 transactions amidst bargain hunting on the trading floor.
This figure comes in contrast to a total of 1.101 billion shares worth N17.082 billion that exchanged hands last week in 15,431 deals.
The NSE All-Share Index and Market Capitalization appreciated by 2.33% and 2.39% to close the week at 27,779 and N13.523 trillion respectively.
Similarly, while all other indices finished higher with the exception of NSE Insurance and NSE Industrial Goods Indices which depreciated by 2.13% and 0.41% while the NSE ASeM index closed flat.
The Financial Services industry (measured by volume) led the activity chart with 840.704 million shares valued at N10.765 billion traded in 11,331 deals; thus contributing 73.30% and 76.45% to the total equity turnover volume and value respectively.
Meanwhile, the Conglomerates industry followed with 111.231 million shares valued at the sum of N243.124 million recorded in 963 deals.
The third in sectorial performance the ICT Industry with a turnover of 95.087 million shares worth N605.135 million in 404 deals.
Trading in the Top Three Equities namely, Guaranty Trust Bank Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 484.003 million shares worth N8.306 billion in 4,265 deals, contributing 42.20% and 58.99% to the total equity turnover volume and value
respectively
Thirty-nine equities appreciated in price during the week, higher than twenty-seven equities in the previous week. Nineteen equities depreciated in price, lower than Thirty-four equities in the previous week, while one hundred and eight (108) equities remained unchanged, higher than one hundred and five equities recorded in the preceding week.
