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Zenith Bank, Access, others lift NSE’s turnover by N20.3 billion

By  Helen Oji
20 July 2015   |   5:55 am
Despite the public holiday declared on Friday to commemorate Id-el-Fitr celebrations, a turnover of 1.187 billion shares worth N20.259 billion were exchanged in 14,349 deals by investors on the floor of the Exchange last week.   This volume of shares traded, was however, higher than a total of 1.264 billion units, valued at N15.770 billion…

zenith bankDespite the public holiday declared on Friday to commemorate Id-el-Fitr celebrations, a turnover of 1.187 billion shares worth N20.259 billion were exchanged in 14,349 deals by investors on the floor of the Exchange last week.
 
This volume of shares traded, was however, higher than a total of 1.264 billion units, valued at N15.770 billion that changed hands  in 17,016 deals during the preceding week.
  
Specifically, the stock market opened for four trading sessions with the financial services industry (measured by volume) maintaining its dominance in the activity chart with 928.850 million shares valued at N11.840 billion traded in 7,903 deals; thus contributing 78.26 per cent and 58.44per cent  to the total equity turnover volume and value respectively.
  
Similarly, the conglomerates industry followed with a turnover of 76.523 million shares worth N629.896 million in 979 deals.
 
The third place was occupied by Oil and Gas industry with 67.815 million shares worth N966.600 million in 1,652 deals.
 
Trading in the top three equities namely –Zenith International Bank Plc.; Access Bank Plc, and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 647.735 million shares worth N9.888 billion in 2,477 deals, contributing 54.58 per cent and 48.81 per cent to the total equity turnover volume and value respectively. 
  
Also traded during the week were a total of 35,774 units of Exchange Traded Products (ETPs) valued at N1.055 million executed in 14 deals compared with a total of 1,430 units valued at N586,558.50 transacted last week in 17 deals.
 
A total of 505 units of Federal Government Bonds valued at N514, 265.14 million were traded this week in one deal compared with a total 500 units valued at N508, 788.04 million transacted last week in one deal.
  
The NSE All-Share index and market capitalization depreciated by 2.15per cent and 1.92 per cent to close on Thursday at 31,047.99 and N10.628 trillion respectively.
  
Similarly, all the Indices finished lower during the week, with the exception of NSE ASeM Index that closed flat.
   
Also, 13 equities appreciated in price during the week, lower than 19 equities of the preceding week.  57 equities depreciated in price, higher than 50 equities of the preceding week, while 120 equities remained unchanged, lower than 124 equities recorded in the preceding week.
 
Meanwhile, a total of 1,250,000,000 ordinary shares of US$0.025 each at N15.47 per share    belonging to Ecobank Transnational Incorporated Plc were admitted to trade at the Exchange on July 16, 2015.
 
By this action, the total outstanding shares of the company now stood at 17,202,704,264 units.

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