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NSE records N12.2 billion turnover in one week

By Helen Oji
11 October 2015   |   11:04 pm
A turnover of 1.390 billion shares worth N12.170 billion was recorded in 14,821 deals by investors on the floor of the Exchange last week, lower than a total of 1.666 billion shares valued at N14.057 billion that changed hands in 14,003 deals during the preceding week. Last week, the financial services industry led the activity…
NSE (Nigerian Stock Exchange)

NSE (Nigerian Stock Exchange)

A turnover of 1.390 billion shares worth N12.170 billion was recorded in 14,821 deals by investors on the floor of the Exchange last week, lower than a total of 1.666 billion shares valued at N14.057 billion that changed hands in 14,003 deals during the preceding week.

Last week, the financial services industry led the activity chart in volume terms with 1.216 billion shares valued at N7.657 billion traded in 8,319 deals, contributing 87.43per cent and 62.92per cent to the total equity turnover volume and value respectively. The consumer goods industry followed with a turnover of 44.315 million shares worth N1.794 billion in 2,691 deals.

The third place was occupied by the conglomerates industry with 38.897 million shares worth N141.993 million in 668 deals.

Trading in the top three equities namely – Access Bank Plc, Mutual Benefits Assurance Plc and Zenith International Bank Plc accounted for 587.974 million shares worth N3.465 billion in 1,850 deals, contributing 42.29per cent and 28.47per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 3,180 units of Exchange Traded Products (ETPs) valued at N1.150 million executed in 18 deals compared with a total of 1,815 units valued at N456,625.67 transacted last week in 14 deals.

A total of 29,472 units of Federal Government Bonds valued at N30.711million were traded this week in 2 deals compared with a total of 440 units valued at N455,481.75 transacted last week in one deal.

23 equities appreciated in price during the week, lower than 31 equities of the preceding week. 48 equities depreciated in price, higher than 38 equities of the preceding week, while 119 equities remained unchanged, lower than one hundred and 121 equities recorded in the preceding week.

Meanwhile, C&I Leasing Plc has that the company and its subsidiary, C&I Motors Ltd have appointed Cordros Capital Ltd as their liaison stockbrokers in respect to their proposed corporate restructuring.

It is intended that the restructuring be carried out through a Scheme of Merger (or External Restructuring) pursuant to Part XII of the Investments and Securities Act, 2007 and Part 13 (Rule 440- 444) of the Securities & Exchange Commission Rules and Regulations, 2013.

The transaction, according to the company will not involve, in any form, the alteration of the share capital of C&I Leasing Plc and as such this notification is for the records of The Nigerian Stock Exchange.

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