Financial stocks lift NSE’s turnover by N5.1 billion
Last week, the financial services industry (measured by volume) dominated in volume terms on the activity chart, with 827.653 million shares valued at N5.108 billion traded in 8,266 deals.
The volume of shares traded in the sector contributed 70.49 per cent and 36.89per cent to the total equity turnover volume and value respectively.
The natural resources industry followed with 147.047 million shares worth N73.740 million in 18 deals.
The consumer goods industry ranked third with a turnover of 88.348 million shares worth N4.428 billion in 2,518 deals.
Specifically, trading in the top three equities namely – Multiverse Plc, Guinea Insurance Plc and Zenith International Bank Plc (measured by volume) accounted for 397.435 million shares worth N1.869 billion in 1,785 deals, contributing 33.85 per cent and 13.50per cent to the total equity turnover volume and value respectively.
On the whole, a turnover of 1.174 billion shares worth N13.846 billion was recorded in 13,870 deals by investors on the floor of the Nigerian Stock Exchange.
This amount recorded was, however, lower than a total of 1.218 billion shares valued at N14.685 billion that changed hands in 13,495 deals during the preceding week.
Also traded during the week were a total of 318,734 units of Exchange Traded Products (ETPs) valued at N1.469 million executed in 50 deals, compared with a total of 23,812 units valued at N417,201.24 transacted last week in 32 deals
A total of 10,501 units (two Federal Government Bonds and one State Government Bond) valued at N12.024 million were traded this week in 5 deals, compared with a total of 90 units of Federal Government Bonds valued at N109,423.68 million transacted last week in 1 deal.
The NSE All-Share Index and market capitalization depreciated by 1.31per cent to close the week at 27,269.71 and N9.376 trillion respectively.
Similarly, nine other Indices finished lower during the week, with the exception of the NSE Oil and Gas Index that rose by 0.09 per cent, while the NSE ASeM Index closed flat.
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