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, amid increased confidence. The turnover and volume grew by 313.46 percent and 167.36 percent 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 percent to close at 44,343.65 on January 31, 2018. The market value or capitalization rose by N2.29 trillion or 16.79 percent to close at N15.895 trillion when compared with N13.609 trillion recorded at the beginning of the month.
