Consolidated Hallmark, Access Bank, others lift NSE’s turnover by N14.1b

Despite the one-day holiday declared to commemorate the independence celebration, heavy transactions in the shares of some banks and insurance companies, as a turnover of 1.666 billion shares worth N14.057 billion was recorded in 14,003 deals by investors on the floor of the Exchange in contrast to a total of 850.095 million shares valued at N9.060 billion that changed hands in 9,414 deals during the preceding week.

The financial services industry (measured by volume) led the activity chart with 1.376 billion shares valued at N7.823 billion traded in 7,435 deals; thus contributing 82.57per cent and 55.65 per cent to the total equity turnover volume and value respectively.

The ICT industry followed with a turnover of 91.924 million shares worth N121.429 million in 49 deals.
The third place was occupied by the consumer goods Industry with 67.786 million shares worth N2.457 billion in 2,844 deals.

Trading in the top three equities namely – Consolidated Hallmark Insurance Plc, Access Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 775.890 million shares worth N1.925 billion in 1,380 deals, contributing 46.56 per cent and 13.69 per cent  to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,815 units of Exchange Traded Products (ETPs) valued at N456,625.67 executed in 14 deals compared with a total of 11,454 units valued at N449,180.74 transacted last week in 13 deals.

A total of 440 units of Federal Government Bonds valued at N455,481.75 were traded this week in one deal. No bond trade was recorded last week.
31 equities appreciated in price during the week, lower than 29 equities of the preceding week. 38 equities depreciated in price, higher than 36 equities of the preceding week, while 121 equities remained unchanged, higher than 125 equities recorded in the preceding week.