WorldStage Newsonline-- Nigerian Stock Exchange recorded a turnover of 2.049 billion shares worth N15.736 billion in 19,783 deals this week, in contrast to a total of 1.582 billion shares valued at N7.858 billion exchanged last week in 14,492 deals.
According to data released by the NSE, the Financial Services sector accounted for 1.767 billion shares valued at N10.783 billion traded in 10,827 deals. The Consumer Goods Sector followed with 113.97 million shares valued at N3.65 billion traded in 3,520 deals. Last week, the Financial Services sector led on the activity chart and was followed by the Conglomerates sector.
The Banking subsector of the Financial Services sector was the most active during the week (measured by turnover volume) with 1.414 billion shares worth N10.446 billion exchanged by investors in 10,247 deals. Volume in the Banking subsector was largely driven by activity in the shares of United Bank for Africa Plc, First City Monument Bank Plc and Guaranty Trust Bank Plc. Trading in the shares of the three banks accounted for 756.214 million shares, representing 53.49%, 42.80% and 36.89% of the turnover recorded by the subsector, sector and total turnover for the week, respectively.
The Insurance Carriers, brokers and services subsector of the Financial Services sector, boosted by activity in the shares of Guaranty Trust Assurance Plc, followed on the week’s activity chart with a subsector turnover of 130.595 million shares valued at N213.82 million traded in 121 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Diversified Industries subsector.
Also traded during the week were 105 units of NewGold Exchange Traded Products (ETFs) valued at N264,135.00 exchanged in 3 deals. There were no transactions executed through the stock market in the Federal Government Development Stocks, State and Local Government Bonds and Corporate Bonds/Debentures Stocks sectors.
On price movement the NSE All-Share Index appreciated by 1013.34 points or 4.89% to close on Friday at 21,756.50 while the market capitalization of the 187 Main Board equities appreciated from N6.615 trillion to N 6.938 trillion. Also, the NSE-30 Index appreciated by 48.14 points or 5.08% to close at 995.93. Last week, the NSE-ASI and NSE-30 Index depreciated by 0.95% and 0.88%, respectively.
Two of the four sectorial indices appreciated during the week compared to one during the preceding week. The NSE Consumer Goods Index appreciated by 76.22 points or 4.52% to close at 1764.26. The NSE Banking Index appreciated by 27.95 points or 9.77% to close at 313.95. However, The NSE Insurance Index depreciated by 0.95 points or 0.75% to close at 125.71. Also, the NSE Oil/Gas depreciated by 6.99 points or 3.75% to close at 179.34. Please note that the points and percentage changes in the NSE Indices were calculated by computing the daily changes in the index values.
Thirty-three equities appreciated in price during the week, higher than the twenty-one (21) of the preceding week. Nigerian Breweries Plc led on the gainers’ table with a gain of N11.20 or 11.43% to close at N109.20 per share while Guinness Nigeria Plc followed with a gain of N10.16 or 4.51% to close at N235.25 per share.
Thirty-four stocks depreciated in price, higher than the thirty-three (33) of the preceding week. Nestle Nigeria Plc led on the price losers’ table, dropping by N15.99 or (3.68%) to close at N419.00 per share while Conoil Plc followed with a loss of N2.26 or (9.73%) to close at N20.96 per share.