Investors stake N19.4 billion in equities in five days

VOLUME of shares traded, last week witnessed a decline, as a turnover of 1.919 billion shares worth N19.402 billion was recorded in 23,988 down from a total of 3.511 billion shares valued at N25.196 billion that changed hands last in 26,836 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 1.530 billion shares valued at N11.683 billion traded in 13,040 deals; thus contributing 79.71 per cent and 60.21per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with a turnover of 156.808 million shares worth N1.589 billion in 1,695 deals.

The third place was occupied by the Consumer Goods Industry with 107.338 million shares worth N3.816 billion in 3,983 deals.

Trading in the top three equities namely- Standard Alliance Insurance Plc, United Bank for Africa Plc and FBN Holdings Plc (measured by volume) accounted for 667.216 million shares worth N2.543 billion in 4,444 deals, contributing 34.76 per cent and 13.11per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 408,933 units of Exchange Traded Products (ETPs) valued at N7.019 million executed in 30 deals compared with a total of 25,721 units valued at N1.838 million transacted last week in 23 deals.

A total of 10 units of Federal Government Bond valued at N10, 792.74 were traded this week in 1 deal. However, there was no bond traded last week.

The NSE All-Share Index and market capitalization appreciated by 0.21 per cent respectively to close on Friday at 35,005.05 and N11.928 trillion.

All the Indices finished higher during the week with the exception of the NSE Consumer Goods and NSE Lotus II indices that shed 1.27per cent and two per cent respectively. However, the NSE ASeM Index closed flat.

46 equities appreciated in price during the week, higher than 25 equities of the preceding week. 28 equities depreciated in price, lower than 53 equities of the preceding week, while 122 remained unchanged higher than 118 equities of the preceding week.

Meanwhile, the N100 million Series-1 (Tranche A) 10-Year subordinated floating rate corporate bond, benchmarked to 182-Day T-Bills due 2024 issued by Stanbic IBTC Bank Plc., was admitted to trade at the Exchange on 27th March, 2015.

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