Nigerian bourse trades 1.39bn shares worth over $66m

Nigerian bourse trades 1.39bn shares worth over $66m

A total turnover of 1.391 billion shares worth N20.316 billion (about $66.6m) in 20,064 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE).The Weekly report of trading released on Friday in Lagos by the NSE showed that the figures were in contrast to a total of 1.417 billion shares valued at N16.739 billion that exchanged hands last week in 19,832 deals.

The report added that the Financial Services Industry led the activity chart with 824.153 million shares valued at N9.274 billion traded in 11,620 deals, while the Services Industry followed with 308.871 million shares worth N1.256 billion in 610 deals.

The third place was occupied by Consumer Goods Industry with a turnover of 86.151 million shares worth N8.073 billion in 3,103 deals.

According to the report, trading in the Top Three Equities namely – Nigerian Aviation Handling Co. Plc, United Bank for Africa Plc and Zenith International Bank Plc accounted for 460.997 million shares worth N5.273 billion in 2,513 deals.

A total of 2,304 units of Exchange Traded Products (ETPs) valued at N376,541.65 executed in 16 deals were also executed during the week compared with a total of 344 units valued at N50,021.24 that was transacted last week in 5 deals.

On the section, a total of 16,463 units of Federal Government Bond valued at N18.200 million were traded this week in 27 deals compared with a total of 7,518 units valued at N7.668 million transacted last week in 9 deals.

The NSE All-Share Index depreciated by 0.37% while Market Capitalization appreciated by 0.38% to close the week at 36,499.67 and N13.322 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE CG, NSE 30, NSE Banking and the NSE Oil/Gas Indices that appreciated by 0.55%, 0.10%, 0.83% and 6.76%. ($1=N305)

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