October 31, 2014 – A total turnover of 2.097 billion shares worth N20.231 billion in 21,802 deals were traded this week by investors on the floor of the Nigerian Stock Exchange.
The total volume is higher when placed in comparison with a total of 1.413 billion shares valued at N17.038 billion that exchanged hands last week in 24,427 deals on the NSE.
According to the NSE, the Financial Services Industry (measured by volume) led the activity chart with 1.590 billion shares valued at N11.360 billion traded in 12,321 deals; thus contributing 75.84% and 56.15% to the total equity turnover volume and value respectively.
Next is Natural Resources Industry, which followed with a turnover of 200.178million shares worth 100.153 million in 16 deals. The third place was occupied by Conglomerates Industry with 153.749 million shares worth N982.796 million in 1,525 deals.
Trading in The Top Three Equities namely- Mansard Insurance Plc, Multiverse Plc and Ecobank Transnational Incorporated (measured by volume) accounted for 622.729 million shares worth N3.771 billion in 581 deals, contributing 29.70% and 18.64% to the total equity turnover volume and value respectively for the week.
