NewGold ETFs worth N4m traded last week

Date:

nse5A total of 2,025 units of NewGold Exchange Traded Funds worth N4.096m were traded in two deals on the Nigerian Stock Exchange last week.

This was in contrast to 1,594 units valued at N3.866m exchanged in six transactions in the preceding week.

The figures were contained in a report by the NSE for the week ended November 8, 2013.

The report also showed that a total of 723 units of FGN bonds worth N749,976 were traded in three deals during the week, compared to the 515 units worth N588,502 that were exchanged in six deals in the preceding week.

A breakdown of the deals showed that the highest traded bond was the 13.05 per cent FGN AUG 2016 Bond. A total of 500 units of the bond, worth N519,150, were exchanged by investors in a deal.

According to the report, 123 units of the 16 per cent FGN JUN 2019 Bond worth N147,095 were traded by investors in one deal; while 100 units of the 10 per cent FGN JUL 2030 Bond valued at N83,730 were traded in another deal.

In the week under review, a total of 1.834 billion equities valued at N22.961bn were exchanged by investors in 23,840 deals, in contrast to the 1.713 billion shares worth N16.473bn traded the previous week in 22,925 transactions.

The report noted that the financial services sector led the activity chart with 1.338 billion shares valued at N12.801bn traded in 12,795 deals.

Activities in the sector contributed 72.93 per cent and 55.75 per cent to the total equity turnover volume and value respectively in the week under consideration.

The conglomerates sector followed with a turnover volume of 313.368 million shares worth N820.513m in 1,948 deals, contributing 17.08 per cent and 3.57 per cent to the total equity turnover volume and value respectively.

The consumer goods sector came third with 38.266 million shares worth N3.755bn traded in 3,777 deals.

The report stated that activities in the shares of Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Zenith Bank Plc accounted for 737.807 million shares worth N5.010bn in 3,369 deals.

Trading in the three shares accounted for 40.22 per cent and 21.82 per cent of the total equity turnover volume and value respectively.

In terms of index movement, the NSE All-share Index appreciated by 0.28 per cent to close the week at 37,870.87.

Also, a total of 38 equities appreciated in prices during the week, while 43 stocks recorded price depreciation. A total of 116 equities, however, remained unchanged in prices during the week compared to 115 stocks in the preceding week.

 

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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