Sunday, 7 September 2014

Nigerian bourse trades 3.28bn shares worth over $352m

A turnover of 3.280 billion shares worth N52.808 billion (about $352m) in 25,592 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.342 billion shares valued at N16.086 billion (about $1that exchanged hands last week in 22,481 deals.According to the report of the weekly trading activities released by the NSE on Saturday in Lagos, the Financial Services Industry led the activity chart with 2.741 billion shares valued at N41.891 billion (about $279m) traded in 13,170 deals; thus contributing 83.59 percent and 79.33 percent to the total equity turnover volume and value respectively.
The report added that the Conglomerates Industry followed with a turnover of 239.064 million shares worth N1.847 billion (about $12m) in 2,886 deals while the third place was occupied by Oil and Gas Industry with 98.217 million shares worth N1.598 billion (about $10.6m) in 2,997 deals.
Trading in The Top Three Equities Namely- Ecobank Transnational Incorporated Plc, Transnational Corporation of Nigeria Plc and Fidelity Bank Plc accounted for 2.254 billion shares worth N37.819 billion (about $252m) in 3,400 deals, contributing 68.73 percent and 71.62 percent to the total equity turnover volume and value respectively.
The NSE All-Share Index and Market Capitalization depreciated by 0.89 percent to close on Friday at 41,160.62 and N13.591 trillion (about $90.6bn) respectively.
Similarly, all the indices depreciated during the week with the exception of the NSE ASeM Index that rose by 0.36 percent.
Source: StarAfrica

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