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Nigerian bourse trades 887.037m shares worth over $24m

A total turnover of 887.037 million shares worth N9.193 billion (about $24.192m) were traded in 17,837 deals this four-day trading…

A total turnover of 887.037 million shares worth N9.193 billion (about $24.192m) were traded in 17,837 deals this four-day trading week by investors on the floor of the Nigerian Stock Exchange (NSE).It was another four-day trading week as the Nigerian Government declared Monday, April 5, 2021 as Public Holiday in commemoration of the Easter Monday.

The weekly report of transactions released on Friday in Lagos by the NSE showed that the figures were in contrast to a total of 1.445 billion shares valued at N19.039 billion that exchanged hands last week in 17,400 deals.

The Financial Services Industry led the activity chart with 607.224 million shares valued at N6.066 billion traded in 10,125 deals, while the Conglomerates Industry followed with 112.318 million shares worth N572.831 million in 1,450 deals.

The third place was Oil and Gas Industry, with a turnover of 57.662 million shares worth N201.453 million in 1,107 deals.

It added that trading in the top three equities namely Zenith Bank Plc, Access Bank Plc and Guaranty Trust Bank Plc accounted for 259.248 million shares worth N4.818 billion in 4,970 deals, contributing 29.23% and 52.41% to the total equity turnover volume and value respectively.

According to the report, a total of 361,254 units valued at N1.909 billion were traded this week in 29 deals compared with a total of 108,271 units valued at N445.285 million transacted last week in 16 deals.

In the Bonds section, a total of 44,303 units valued at N55.333 million were traded this week in 13 deals compared with a total of 50,358 units valued at N55.298 million transacted last week in 14 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.13% to close the week at 38,866.39 and N20.335 trillion respectively.

All other indices finished lower with the exception of NSE Premium, NSE MERI Growth, NSE Consumer Goods, NSE Lotus II and NSE Growth Index which appreciated by 0.62%, 0.28%, 1.12%, 1.11% and 0.62% while the NSE ASeM Index closed flat. ($1=N380)

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