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Nigerian bourse trades 1.445bn shares worth over $50m

A total turnover of 1.445 billion shares worth N19.039 billion were traded in 17,400 deals this four-day trading week by…

A total turnover of 1.445 billion shares worth N19.039 billion were traded in 17,400 deals this four-day trading week by investors on the floor of the Nigerian Stock Exchange (NSE).The Nigerian bourse opened for four trading days this week as the Federal Government of Nigeria declared Friday 2nd April 2021 (Good Friday) and Monday 5th April 2021 (Easter Monday) public holidays to commemorate the 2021 Easter celebrations.

The weekly report of transactions released by the NSE in Lagos on Thursday showed that the figures were in contrast to a total of 1.530 billion shares valued at N21.311 billion that exchanged hands last week in 20,016 deals.

It added that the Financial Services Industry led the activity chart with 1.033 billion shares valued at N13.369 billion traded in 9,179 deals, while The Conglomerates Industry followed with 131.153 million shares worth N578.393 million in 811 deals.

The third place was Consumer Goods Industry, with a turnover of 92.937 million shares worth N1.750 billion in 2,892 deals.

According to the report, trading in the top three equities namely Guaranty Trust Bank Plc, Union Bank Nig. Plc and Wema Bank Plc (measured by volume) accounted for 670.354 million shares worth N10.331 billion in 1,990 deals, contributing 46.39% and 54.26% to the total equity turnover volume and value respectively.

A total of 108,271 units valued at N445.285 million were traded this week in 16 deals compared with a total of 25,905 units valued at N208.954 million transacted last week in 7 deals.

In the Bonds section, a total of 50,358 units valued at N55.298 million were traded this week in 14 deals compared with a total of 93,124 units valued at N97.453 million transacted last week in 47 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.76% to close the week at 38,916.74 and N20.361 trillion respectively.

All other indices finished lower with the exception of NSE Mainboard, NSE Pension, NSE Insurance, NSE AFR Div Yield, NSE MERI Value and NSE Consumer Goods Index which appreciated by 0.06%, 0.78%, 2.82%, 2.64%, 1.82% and 1.93, while the NSE ASeM Index closed flat.  ($1=N380)