NSE Posts 1.7bn Shares

The Nigerian Stock Exchange (NSE) last week traded a total of 1.686 billion shares worth N21.389 billion which exchanged hands in 28,392 deals.

This was against 1.511 billion shares valued at N15.867 billion traded by investors from May 6th-10th in 20,965 deals.

At the close of the trading activities for the week, the top equity sector was led by the financial services with a turnover of 1.313 billion shares valued at N12.173 billion traaded in 15,796 deals.

The Banking sub-sector boosted the activities of equity movement at the Exchange with First City Monument Bank Plc, Access Bank Plc and UBA Plc being the most active after trading a total of 917.182 million shares worth N8.526 billion that exchange hands in 11,236 deals.

All-Share Index gained 900.95 basis points or 2.5 per cent to close on Friday at 36,010.28 which the market capitalisation of the listed equities also improved by 2.57 per cent to close at N11.513 trillion.

NSE Consumer goods, NSE Banking, NSE Insurance, NSE Oil and Gas, NSE-Lotus II and NSE Industrial good all appreciated during the week by 6.14, 4.53, 2.6, 3.72, 2.72 and 1.14 per cent, respectively.

In all, 51 equities appreciated in prices during the week in preview as against 43 equities of the previous week.

However, 27 equities depreciated in price higher than 25 equities of the preceding week.

Meanwhile, 118 equities remained constant lower than 128 equities of the previous week.