Financial stocks contribute 89% to equity turnover
The financial services industry dominated activities in volume terms, at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), leading the chart with 1.13 billion shares worth N10.57 billion in 10,352 deals.It thus, contributed 89.06 per cent to the total equity volume, while the consumer goods industry followed with 37.744 million shares worth N1.628 billion in 2,054 deals.
The conglomerates industry ranked third with a turnover of 37.699 million shares worth N102.918 million in 566 deals.Trading in the top three equities, namely, Diamond Bank Plc, Guaranty Trust Bank Plc and Zenith Bank Plc (measured by volume) accounted for 696.955 million shares worth N8.509 billion in 3,753 deals, contributing 54.86% to the total equity turnover volume.
Conseqently, a turnover of 1.270 billion shares worth N13.463 billion was recorded in 16,476 deals on the Exchange, in contrast to a total of 1.265 billion shares valued at N14.074 billion that was exchanged in 19,278 deals during the preceding week.
The NSE All-Share Index and market capitalisation appreciated by 3.94 per cent to close the week at 31,005.17 and N11.562 trillion respectively.Similarly, all other indices finished higher with the exception of the NSE Banking Index that depreciated by 1.04 per cent while the NSE ASeM index closed flat.
Further breakdown of last week’s transactions showed that NSE Corporate Governance index added 9.35 to 1190.89 points, NSE Premium Index increased by 123.61 to 2,166.93, the NSE main board index added 32.15 to N1419.50.
The NSE 30 index grew by 35.01 to 1378.95, NSE Insurance went up by 6.39 basis points to 122.36, NSE Consumer Goods Index 9.14 basis points to 723.87, NSE Oil and Gas increased by 1.67 to 282.68 points, NSE Lotus II surged by 137.01 basis points to 2,289.62 points, NSE Industrial Goods index advanced 151.83 to 1346.18 points, while NSE Pension Index rose from 24.14 basis points to 1,194.83 points.
Also, 38 equities appreciated in price during the week, higher than 22 in the previous week, as 29 equities depreciated in price, lower than 44 of the previous week, while 102 equities remained unchanged lower than 103 equities recorded in the preceding week.
Also traded during the week were 55 units of Exchange Traded Products (ETPs) valued at N5,610.00, executed in two deals, compared with a total of 15,288 units valued at N236,445.40, transacted last week in four deals. Moreso, a total of 3,573 units of Federal Government Bonds valued at N3.764 million were traded this week in 24 deals compared with a total of 17,996 units valued at N18.426 million transacted last week in 10 deals.
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