Activities on the floor of the Nigerian Stock Exchange, just like most other Institutions in Nigeria, ended on Wednesday this week, to observe the two-day public holidays (Thursday 30th and Friday 31st July 2020) declared by the Federal Government of Nigeria to mark the Eid-El-Kabir celebrations.
Despite ending tradings mid-week on Wednesday, the NSE All-Share Index and Market Capitalization both appreciated by 1.09% to close the week at 24,693.73 and N12.882 trillion respectively.
Sectorally also, all other indices finished higher with the exception of NSE ASeM, NSE Consumer Goods, and NSE Oil/Gas Indices which depreciated by 0.06%, 0.44%, and 6.51% respectively.
However, the total turnover of 421.984 million shares worth N5.337 billion in 11,801 deals that were traded by investors on the floor of the Exchange this week, were less when compared to the total of 1.350 billion shares valued at N14.433 billion that exchanged hands last week in 16,723 deals.
For this week, twenty-four (24) equities appreciated in price, lower than twenty-eight (28) equities in the previous week. Twenty-eight (28) equities depreciated in price, higher than twenty-five (25) equities in the previous week, while one hundred and eleven (111) equities remained unchanged, higher than one hundred and ten (110) equities recorded in the previous week.
The Financial Services industry, when measured by volume, led the activity chart with 249.588 million shares valued at N1.563 billion and traded in 5,899 deals; thus contributing 59.15% and 29.29% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 51.760 million shares worth N1.072 billion in 1,877 deals. The third place was the Industrial Goods industry, with a turnover of 46.197 million shares worth N833.473 million in 1,489 deals.
Trading in the top three equities namely WAPCO Plc, FBN Holdings Plc, and Mutual Benefit Assurance Plc., when measured by volume, accounted for 110.114 million shares worth N685.942 million in 1,587 deals, contributing 26.09% and 12.85% to the total equity turnover volume and value respectively.
A total of 34,880 units of Exchange Traded Products, ETPs, valued at N44.775 million were traded this week in 22 deals, compared with a total of 53,420 units valued at N444.544 million transacted last week in 14 deals. While for Bonds, a total of 11,909 units valued at N15.732 million were traded this week in 8 deals compared with a total of 1,747 units valued at N1.985 million transacted last week in 8 deals.