Investors Reap N6.037bn In One Week

NSE


Lagos – As a result of the Good Friday Holiday last week, trading on the floor of the Nigerian Stock Exchange (NSE) was for four days, and the value of traded shares appreciated by N209 million or 3.6 per cent from N5.828 billion that was recorded in the previous trading week to N6.037 billion.
A total turnover of 1.191 billion shares worth  N6.037 billion in 11,820 deals were traded by investors on the floor of the Exchange in contrast to a total of 786.176 million shares valued at N5.828 billion that exchanged hands in the previous  week in 14,343deals.
The  Financial  Services  Industry  ( measured  by  volume),  led  the activity  chart  with 1.014 billion  shares valued  at N3.070billion traded  in 6,700 deals;  thus  contributing 85.07 percent and 50.86 percent to the  total  equity turnover  volume  and  value respectively. The Consumer Goods Industry followed with 51.888 million shares worth N1.581 billion in 2,025 deals. The third place was occupied by Conglomerates Industry with a turnover of 47.517 million shares worth N66.904 million in 542deals.
Trading in  the  Top Three  Equities namely–Fidelity  Bank  Plc, FCMB Group  Plc and Standard  Trust Assurance  Plc (measured  by  volume) accounted  for 679.949 million  shares  worth  N639.862  million  in 1,622 deals, contributing 57.06 percent and 10.60 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 16 units of Exchange Traded Products (ETPs) valued at N1,088.00 executed in 1 deals, compared with a total of 1,510 units valued at N4,133.20 transacted last week in 3 deals.
A total of 4,800 units of Federal Government Bonds valued at N4.892 million were traded in 10 deals compared to a total of 11,064 units of Federal Government Bonds valued at N10.256 million transacted last week in 21 deals.

POSTED BY:OPUOMONI PRIYE
DATE:04/18/2017

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