BreakingNews 8/3/16 - Investment Value Drops 32% on Nigerian Stock Exchange in 5 Days

[ Masterweb Reports: Busayo Samuel reports  ] –  Investors held back N3.5billion about $17.5million from the equities market of the Nigerian Stock Exchange in the week ended March 4, 2016. The shortfall represents 32 percent drop in value compared to N11.74billion splashed on stocks in the market the preceding week.
A turnover of 1.476 billion shares worth N7.992 billion in 15,743 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 4.476 billion shares valued at N11.742 billion that exchanged hands last week in 14,124 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.319 billion shares valued at N5.590 billion traded in 9,955 deals; thus contributing 89.36 percent and 69.94 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 50.809 million shares worth N108.297 million in 557 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 49.655 million shares worth N1.376 million in 2,434 deals.
Trading in the Top Three Equities namely – Wapic Insurance Plc, FCMB Holding Plc and Access Bank Plc.(measured by volume) accounted for 578.238 million shares worth N933.534 million in 1,424 deals, contributing 39.18% and 11.68% to the total equity turnover volume and value respectively.
*Photo Caption – Trading Floor of Nigeria Stock Exchange.
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