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NSE index dips by 2.53% as investors stake 21 billion on stocks




A total turnover of 2.265 billion shares worth N20.990 billion in 23,722 deals were traded last week by investors on the floor of the exchange, in contrast to a total of 1.675 billion shares valued at N25.425 billion that exchanged hands previous week in 23,650 deals.

The financial services industry (measured by volume) led the activity chart with 1.884 billion shares valued at N14.933 billion traded in 13,602 deals; thus contributing 83.15% and 71.14% to the total equity turnover volume and value respectively.

The consumer goods Industry followed with 116.400 million shares worth N2.817 billion in 3,474 deals. The third place was conglomerates industry, with a turnover of 107.803 million shares worth N231.323 million in 897 deals.


Distribution of quality traded of the NSE

Trading in the top three equities namely Jaiz Bank Plc, United Bank for Africa Plc and Zenith Bank Plc (measured by volume) accounted for 894.000 million shares worth N7.077 billion in 4,045 deals, contributing 39.47% and 33.72% to the total equity turnover volume and value respectively.

A total of 292,510 units valued at N2.270 billion were traded this week in 45 deals compared with a total of 543,655 units valued at N4.694 billion transacted last week in 36 deals.

A total of 13,555 units valued at N17.369 million were traded last week in 8 deals compared with a total of 3,198 units valued at N3.898 million transacted the previous week in 10 deals.


NSE All-Share Index and NSE 30 indices week ended December 11th, 2020

The NSE All-Share Index and Market Capitalization depreciated by 2.53% to close the week at 34,250.74 and N17.902 trillion respectively.

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