Financial stocks lift NSE’s volume by N13.9billion
This volume of shares traded was, however, higher than a total of 1.408 billion units, valued at N13.508 billion that changed hands in 19,950 deals during the preceding week.
Specifically, the financial services industry (measured by volume) led the activity chart with 1.136 billion shares valued at N7.390 billion traded in 10,034 deals; thus contributing 82.12per cent and 53.31per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with a turnover of 94.562 million shares worth N1.345 billion in 964 deals.
The consumer goods industry occupied the third place with 54.146 million shares worth N2.987 billion in 3,328 deals.
Trading in the top three equities namely – African Alliance Insurance Company Plc.; Zenith International Bank Plc. and FBN Holdings Plc. (measured by volume) accounted for 472.643 million shares worth N3.298 billion in 3,593 deals, contributing 34.16per cent and 23.79per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 1,189 units of Exchange Traded Products (ETPs) valued at N1.282 million executed in 24 deals compared with a total of 1,526 units valued at N695,885.40 transacted last week in 17 deals
A total of 3,750 units of Federal Government Bonds valued at N3.299 million were traded this week in 4 deals compared with a total of 3,675 units valued at N3.611 million transacted last week in 8 deals.
The NSE All-Share Index and Market Capitalization appreciated by 2.17per cent to close on Friday at 30,332.68 and N10.425 trillion respectively.
Similarly, all the Indices finished higher during the week, except the NSE ASeM index that closed flat.
56 equities appreciated in price during the week, higher than 32 equities of the preceding week. 22 equities depreciated in price, lower than 37 equities of the preceding week, while 112 equities remained unchanged, lower than 121 equities recorded in the preceding week.