Activities on the floor of the Nigerian Stock Exchange (NSE) closed last week on the positive note despite expectations that investors will embark on sell off for the yuletide.
The NSE All-Share Index and market capitalisation appreciated by 0.22 per cent to close last week at 38,522.14 and N13.709 trillion respectively.
Similarly, all other indices finished higher last week with the exception of the NSE ASeM, NSE Consumer Goods and NSE Lotus II Indices that depreciated by 1.82 per cent, 1.37 per cent, and 0.51 per cent respectively.
A total turnover of 2.243 billion shares worth N139.789 billion in 18,466 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.852 billion shares valued at N51.523 billion that exchanged hands the previous week in 23,863 deals.
The Financial Services Industry (measured by volume) led the activity chart with 984.584 million shares valued at N10.588 billion traded in 11,116 deals; thus contributing 43.89 per cent and 7.57 per cent to the total equity turnover volume and value respectively.
The Industrial Goods Industry followed with 564.804 million shares worth N125.378 billion in 927 deals. Conglomerates Industry occupied the third place with a turnover of 804.447 million shares worth N561.921 million in 689 deals.
Trading in the Top Three Equities namely – Transnational Corporation of Nigeria Plc, Dangote Cement Plc and Aiico Insurance Plc (measured by volume) accounted for 1.335 billion shares worth N125.907 billion in 888 deals, contributing 59.52 per cent and 90.07 per cent to the total equity turnover volume and value respectively.
Thirty-five equities appreciated in price last week, higher than 16 of the previous week. Twenty-five equities depreciated in price, lower than 46 equities of the previous week, while 112 equities remained unchanged higher than 110 equities recorded in the preceding week.
Also traded during the week were a total of 3,070 units of Exchange Traded Products (ETPs) valued at N455,245.00 executed in eight deals, compared with a total of 1,120 units valued at N14,179.00 that was transacted the previous week in four deals
A total of 3,780 units of Federal Government Bonds valued at N3.931 million were traded last week in 17 deals, compared with a total of 5,382 units valued at N5.680 million transacted the previous week in 17 deals.
A total volume of 1.5million units of 7.965 per cent FGNSB NOV 2047 and 6.5 per cent FGNSB NOV 2027 respectively were admitted to trade at the Exchange on the 21st of December, 2017.
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