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BUSINESS & ECONOMYCapital MarketCOVERNEWSLETTER

NSE Posts 21.71billion Shares Worth N197.22billion in January

The Nigerian Stock Exchange, NSE, recorded a turnover of N197. 22 billion on 21.71 billion shares transacted in 168,649 deals in January 2018.

This is coming as investors have continued to increase their confidence in the stock market

The turnover and volume jumped by 313.46 per cent and 167.36 per cent respectively when compared with figures achieved in January 2017.

The market posted a turnover of N47.7 billion on 8.12 billion shares in 61,515 deals for the month of January 2017.

Data obtained from NSE indicates that the financial services sector was the most active in volume terms, with a total of 13.09 billion shares worth N107.96 billion in 106,466 deals.

It was trailed by conglomerates with a turnover of 6.63 billion shares valued at N16.54 billion exchanged in 10, 541deals.

Consumer Goods came third with a total of 1.07 billion shares worth N52.05 billion transacted in 27,854 deals

The Oil & Gas sector sold 395.79 million shares valued at N5.19 billion traded in 7,483 deals.

Also, investors net worth on the exchange surged by 15.95 per cent during the period under review due to increased activities ahead of 2018 earnings season.

The All-Share Index, which opened for the year at 38,243.19 inched 6100.46 points or 15.95 per cent to close at 44,343.65 on Jan. 31, 2018.

The market value or capitalisation rose by N2. 29 trillion or 16.79 per cent to close at N15.895 trillion when compared with N13.609 trillion recorded at the beginning of the month.

 

 

 

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