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Nigerian bourse trades 1.029bn shares worth over $26m

The Nigerian Stock Exchange (NSE) recorded a total turnover of 1.029 billion shares worth N7.980 billion (about $26.16m) traded in 13,441 deals this week by investors on the floor of the Exchange.The weekly report of transactions released by the NSE on Friday in Lagos showed the figures were  in contrast to a total of 1.024 billion shares valued at N12.464 billion that exchanged hands last week in 16,400 deals.

The Financial Services Industry led the activity chart with 853.414 million shares valued at N4.269 billion traded in 7,904 deals.

The Oil and Gas Industry followed with 80.250 million shares worth N1.151 billion in 1,443 deals, while the third place was occupied by Conglomerates Industry with a turnover of 45.770 million shares worth N83.469 million in 596 deals.

Trading in the Top Three Equities namely – Diamond Bank Plc, FBN Holdings Plc and Fidelity Bank Plc accounted for 397.225 million shares worth N546.501 million in 1,680 deals, contributing 38.59% and 6.85 % to the total equity turnover volume and value respectively

The NSE All-Share Index and Market Capitalization appreciated by 1.64% to close the week at 25,653.16 and N8.878 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE Consumer Goods Index that depreciated by 0.02% while the ASEM Index closed flat.

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