Trading on the floor of the Nigerian Exchange Limited was brief this week with the Nigerian Government declaring Wednesday 12th and Thursday 13th May 2021 as Public Holidays to mark the end of the Holy month of Ramadan and as well commemorate the Eid al-Fitr celebrations.
EQUITY
The Nigerian Stock Exchange, NSE All-Share Index and Market Capitalisation appreciated by 0.72% to close the week at 39,481.89 and N20.579 trillion respectively.
A total turnover of 840.334 million shares worth N9.561 billion in 13,239 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.419 billion shares valued at N15.918 billion that exchanged hands last week in 18,459 deals.
During the course of the week, 33 equities appreciated in price during the week, higher than 31 in the previous week. Nineteen equities depreciated in price lower than 37 equities in the previous week, while 108 equities remained unchanged higher than 92 equities recorded in the previous week.
Trading in the top three equities namely Access Bank Plc, Zenith Bank Plc and Etranzact International Plc, when measured by volume, accounted for 284.924 million shares worth N3.470 billion in 2,533 deals, contributing 33.91% and 36.29% to the total equity turnover volume and value respectively.
Similarly, all other indices finished higher with the exception of NSE Sovereign Bond Index which depreciated by 10.69%, while the NSE ASeM and NSE Growth Indices closed flat.
The Financial Services Industry, when measured by volume, led the activity chart with 541.015 million shares valued at N5.493 billion traded in 7,824 deals; thus contributing 64.38% and 57.45% to the total equity turnover volume and value respectively. The ICT Industry followed with 90.382 million shares worth N571.642 million in 500 deals. The third place was Conglomerates Industry, with a turnover of 84.792 million shares worth N512.775 million in 551 deals.
ETPs
Also a total of 14,477 units valued at N258,795.90 were traded this week in 4 deals compared with a total of 30,004 units valued at N1.704 million transacted last week in 11 deals.
BONDS
Traded during the week was a total of 151,345 units valued at N157.944 million were traded this week in 75 deals compared with a total of 19,573 units valued at N21.027 million transacted last week in 8 deals.
Mercy Chukwudiebere
