Financial stocks lift NSE’s volume by 88.9 per cent

THE financial services industry dominated in volume terms on the trading floor of the Nigerian Stock exchange last week, contributing 88.98per cent  to total equity volume.
 
Specifically, at the close of transactions last week, the financial service industry led the activity chart with 1.252 billion shares valued at N7.169 billion traded in 8,451 deals; thus contributing 88.98per cent  and 41.49per cent to the total equity turnover volume and value respectively.
   
The oil and gas Industry followed with 50.714 million shares worth N5.338 billion in  1,520 deals.
   
The consumer goods industry ranked third  with a turnover of 37.534 million shares worth N3.117 billion in 2,473 deals,
 
Trading in the top three equities namely – Guaranty Trust Bank Plc, FCMB Group Plc and Wema Bank
Plc.(measured by volume) accounted for 667.292 million shares worth N4.256 billion in 2,114 deals,
contributing 47.44per cent and 24.63per cent  to the total equity turnover volume and value respectively.
 
Consequently, a turnover of 1.407 billion shares worth N17.277 billion in  were recorded in 14,914 deals by investors on the Exchange last week, in contrast to a total of 5.087 billion shares valued at N18.488 billion that
changed hands in 16,711 deals during the preceding week.
   
Also traded during the week were a total of 115,641 units of Exchange Traded Products (ETPs) valued at
N1.285 million executed in 28 deals, compared with a total of 34,089 units valued at N604,908.34 transacted last week in 34 deals.
 
A total of 39,340 units of both State (1) and Federal Government Bonds (2) valued at N44.246 million were traded in three  deals, compared with a total of 4,190 units valued at N4.884 million transacted last week in five deals.
 
The NSE All-Share index and market capitalisation appreciated by 5.05per cent  to close the week at 24,689.69
and N8.491 trillion respectively.
   
Similarly, all other Indices finished higher during the week, with the exception of the NSE Banking Index,
NSE Insurance Index and the NSE Consumer Goods Index that depreciated by 1.14per cent, 1.28per cent  and 0.15per cent respectively, while the NSE ASeM index closed flat.
 
26 equities appreciated in price during the week, lower than 30 equities of the previous week. 30 equities depreciated in price, lower than 40  equities of the previous week, while 134 equities remained unchanged, higher than 120 equities recorded in the previous week.