NSE Insurance Index leads by 0.53 percent

Activities on the floor of the Nigerian Stock Exchange closed for the week with the NSE Insurance Index appreciating by 0.53%.

Although all other indices finished lower, twenty seven equities appreciated in price during the week, lower than thirty two in the previous week.

Forty five equities depreciated in price, higher than thirty nine equities of the previous week, while ninety seven equities remained unchanged lower than ninety eight equities recorded in the preceding week.

A total turnover of 1.842 billion shares worth N16.594 billion in 18,941 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.004 billion shares valued at N21.582 billion that exchanged hands last week in 18,534 deals.

The Financial Services Industry, measured by volume, led the activity chart with 1.018 billion shares valued at N10.906 billion traded in 10,092 deals; thus contributing 55.28% and 65.72% to the total equity turnover volume and value respectively.

The Services Industry followed with 313.481 million shares worth N1.861 billion in 782 deals. The third place was occupied by Natural ResourcesIndustry with a turnover of 304.922 million shares worth N61.366 million in 82 deals.

Trading in the Top Three Equities namely – United Bank for Africa Plc, Multiverse Mining and Exploration Plc and Nigerian Aviation Handling Company Plc, when measured by volume, accounted for 912.300 million shares worth N5.308 billion in 1,025 deals, contributing 49.53% and 31.99% to the total equity turnover volume and value respectively.

ETPs
Also traded during the week were a total of 25,220 units of Exchange Traded Products (ETPs) valued at N454,438.90 executed in 4 deals, compared with a total of 4,211 units valued at N96,115.90 that was transacted last week in 18 deals.

BONDS
A total of 2,359 units of Federal Government valued at N2.188 million were traded this week in 24 deals, compared with a total of 6,108 units valued at N3.710 million transacted last week in 13 deals.

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