NSE Investors Buy 8.054bn Shares In 5 Days

By Ololade Julianah,Lagos

At the close of trading last week, a turnover of 8.054 billion shares worth N13.328 billion in 15,212 deals were traded by investors on the floor of The Exchange in contrast to a total of 1.111 billion shares valued at N6.201 billion that exchanged hands the previous week in 15,315 deals.

The financial services industry (measured by volume) led the activity chart with 7.890 billion shares valued at N10.807 billion traded in 9,730; thus contributing 97.96 percent and 81.09 percent to the total equity turnover volume and value respectively.

The conglomerates followed with 61.402 million shares worth N93.053 million in 605 deals. The third place was occupied by the consumer goods industry with a turnover of 48.978 million shares worth N1.017 billion in 2,238 deals.

Top three equities for the week were Wema Bank Plc, United Bank For Africa Plc and Guaranty Trust Bank Plc. (Measured by volume). They accounted for a total of 7.133 billion shares worth N.954 billion in 2,364 deals, contributing 88.56 percent and 67.18 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 690 units of Exchange Traded Products (ETPs) valued at N572,158.80 executed in 28 deals, compared with a total of 24,200 units valued at N621,286 transacted last week in 26deals.

A total of 28,280 units of Federal and State Government Bonds valued at N29. 572 million were traded in 8 deals compared to a total of 6,908 units of Federal Government Bonds valued at N7.739 million transacted last week in 7 deals.

The NSE All-Share Index and Market Capitalisation depreciated by 2.40 percent to close the week at 24,719.27 and N8.503 trillion respectively.

Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE ASeM Index, NSE Banking Index, NSE Insurance Index and the NSE Pension Index that rose by 0.45 percent, 0.38 percent, 0.31 percent, 1.86 percent and 0.55 percent respectively.

Meanwhile, the Nigerian bourse ends the week in red as bears regain control when the equities market closed lower at the end of trading on Friday losing 0.11 percent to settle at 24,719.3 points despite gains in bellwether Dangcem. The market capitalisation lost N9.2 billion to close at N8.50 trillion.

Despite the negative close however, market activities increased as the total value traded rose by 72.6 percent to N2.782 billion, while the total volume traded increased by 61.2 percent to 437.8 million units. Market breath also came in a fair 1.1x, as 25 equity prices rose while 23 declined.

However, only financial services stocks closed in the green as their respective gauges, NSE Banking Index and NSE Insurance Index, rose by 117 basis points and 19 basis points.

Major indigenous upstream oil and gas player, Seplat Petroleum Development Company, climbed the highest by N21.85 to close at N332.15 per share while shares of Dangote Cement Company appreciated by 72 kobo to close at N160.97 per share. However, major marketer of refined petroleum products, Forte Oil, lost N14.66 to close at N278.57 per share while food and beverage giant, Nestle Nigeria, weakened by N4.99 to N640.01 per share.

United Bank for Africa emerged the most traded equity with an exchange of 250.469 billion shares worth N811.419 billion. It was trailed by Guaranty Trust Bank; having accounted for 42.755 million shares valued 650.597 million, while NEM Insurance sold 26.753 million shares worth N21.554 million, Fidelity Bank exchanged 22.055 million shares valued N30.335 million while Zenith bank traded 16.895 million shares worth N190.887 million.