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Nigerian bourse trades 1.419bn shares worth over $41m

A total turnover of 1.419 billion shares worth N15.918 billion in 18,459 deals were traded this four-day trading week by…

A total turnover of 1.419 billion shares worth N15.918 billion in 18,459 deals were traded this four-day trading week by investors on the floor of the Nigerian Stock Exchange (NSE).The Federal Government of Nigeria declared Monday, May 3, 2020 a Public Holiday to mark the Workers Day Anniversary.

The weekly report of transactions released on Friday in Lagos by the NSE showed that the figures were in contrast to a total of 1.441 billion shares valued at N10.883 billion that exchanged hands last week in 19,614 deals.

It added that the Financial Services Industry led the activity chart with 1.069 billion shares valued at N9.531 billion traded in 10,907 deals, while the Industrial Goods Industry followed with 60.762 million shares worth N2.005 billion in 1,070 deals. 

The third place was Consumer Goods Industry, with a turnover of 57.023 million shares worth N1.029 billion in 2,831 deals.

According to the report, trading in the top three equities namely Access Bank Plc, FBN Holdings Plc and Zenith Bank Plc accounted for 609.988 million shares worth N6.593 billion in 4,870 deals.

It explained that a total of 30,004 units valued at N1.704 million were traded this week in 11 deals compared with a total of 60,447 units valued at N1.069 million transacted last week in 20 deals.

In the Bonds section, a total of 19,573 units valued at N21.027 million were traded this week in 8 deals compared with a total of 44,354 units valued at N46.342 million transacted last week in 19 deals.

The NSE All-Share Index and Market Capitalization depreciated by 1.60% and 1.99% to close the week at 39,198.75 and N20.431 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Banking, NSE Pension, NSE-AFR Div Yield, NSE MERI Value, NSE Consumer Goods and NSE Oil/Gas Indices which appreciated by 0.62%, 0.35%, 1.12%, 1,66%, 0.62% and 5.98% respectively, while the NSE ASeM Index closed flat.  ($1=N380)

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