A total turnover of 1.331billion shares worth N20.835 billion in 18,695 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) this week, in contrast to 1.825 billion shares valued at N24.653 billion that exchanged hands in the previous week in 23,148 deals.
It was a four-day trading sessions as the Federal Government of Nigeria declared Tuesday May 1st 2018 a public holiday to mark the Workers Day celebration.
The Financial Services Industry (measured by volume) led the activity chart with 1.042 billion shares valued at N11.275 billion traded in 9,665 deals; thus contributing 78.32% and 54.11% to the total equity turnover volume and value respectively.
Also, the Consumer Goods Industry followed with 84.124 million shares worth N4.322 billion in 3,691 deals.
According to NSE, the third place was occupied by Oil and Gas Industry with a turnover of 51.918 million shares worth N596.463 million in 2,307 deals.
Trading in the Top Three Equities namely – United Bank for Africa Plc, Mutual Benefits Assurance Plc and Access Bank Plc (measured by volume) accounted for 457.930 million shares worth N3.784 billion in 1,469 deals, contributing 34.41% and 18.16% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 709,058 units of Exchange Traded Products (ETPs) valued at N3.845 million executed in 10 deals, compared with a total of 56,260 units valued at N376,387.48 that was transacted last week in 6 deals.
Meanwhile, a total of 80,152 units of Federal Government and State Bonds valued at N82.543 million were traded this week in 14 deals, compared with a total of 725 units valued at N660,984.55 transacted last week in 10 deals.
The NSE All-Share Index and Market Capitalization depreciated by 0.06% to close the week at 41,218.72 and N14.931 trillion respectively.
Similarly, all other indices finished lower with the exception of NSE Premium, NSE Banking, NSE Industrial goods, and NSE Pension indices that appreciated by 0.12%, 1.56%, 1.06% and 0.21% respectively, while the NSE ASeM closed flat.
