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ETPs worth N6.5m traded last week

By on March 17, 2015

The Nigerian Stock Exchange witnessed an increase in the trading of Exchange Traded Products last week, with 366,178 units of ETPs valued at N6.500m traded in 27 deals.

This is in contrast to the 223,470 ETP units worth N3.409m, which were exchanged by investors in 21 deals in the previous week.

The reverse was, however, the case when it came to trading in bonds as last week witnessed less activity, compared to a week earlier.

During the week 100 units of FGN bond valued at N104,391 were also traded in a deal, as against the 426 units valued at N440,65 traded in two deal in the preceding week.

It was a poor week for the Exchange as the NSE All-Share Index and market capitalisation depreciated by 1.06 per cent and 1.05 per cent, to end the week at 30,719.36 and N10.251tn, respectively.

With the exception of the NSE Insurance Index which gained 0.6 per cent and the NSE Alternative Securities Market Index that closed flat, all other indices declined during the week.

In all, investors spend N24.564bn on 3.596 billion shares in 24, 288 deals last week, slightly higher than the N24.386bn they spent on 2.133 billion shares in 22,532 deals a week earlier.

Data from the Exchange showed that the financial services sector (measured by volume) led the activity chart with 3.153 billion shares valued at N15.277bn traded in 16,299 deals.

That accounted for 87.68 per cent and 62.19 per cent of the total equity turnover volume and value, respectively.

The conglomerates sector followed with a turnover of 168.286 million shares, which were worth N1.860bn, in 1,289 deals, while the oil and gas sector was third with 107.869 million shares worth N1.999bn exchanged by investors in 1,617 deals.

 

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