Financial stocks lift NSE’s turnover by N18.9 billion
This volume of shares traded, was, however, higher than a total of 1.366 billion units, valued at N17.953 billion, recorded in 17,391 deals during the preceding week.
Specifically, the financial services industry (measured by volume) led the activity chart with 1.996 billion shares valued at N13.195 billion traded in 11,232 deals; thus contributing 83.79per cent and 69.49 per cent to the total equity turnover volume and value respectively.
The conglomerates Industry followed with a turnover of 106.534 million shares worth N425.527 million in 1,150 deals. Natural Resources Industry occupied the third place with 100.021 million shares worth N50.103 million in 16 deals.
Trading in the top three equities namely – Continental Reinsurance Plc ; Zenith International Bank Plc., and Axamansard Insurance Plc (measured by volume) accounted for 1.033 billion shares worth N5.209 billion in 2,339 deals, contributing 43.39per cent and 27.43pert cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 6,639 units of Exchange Traded Products (ETPs) valued at N999,551.05 executed in 22 deals compared with a total of 26,580 units valued at N1.719 million transacted last week in 24 deals.
A total of 14,473 units of Federal Government Bonds valued at N15.576 million were traded this week in 6 deals.There was no activity recorded last week in debt board.
The NSE All-Share index and market capitalization appreciated by 4.18per cent to close on Friday at 31,441.71 and N10.777 trillion respectively.
Similarly, all the Indices finished higher during the week, with the exception of ASeM Indices that closed flat.
37 equities appreciated in price during the week, higher than 16 equities of the preceding week. 29 equities depreciated in price, lower than 55 equities of the preceding week, while 124 equities remained unchanged, higher than 119 equities recorded in the preceding week.