Zenith, GTB, others lift NSE’s turnover by N5.8b

Heavy transactions in the shares of some banks, especially Zenith International Bank and Guaranty Trust Bank (GTB), last week, lifted the volume of shares traded, as a turnover of 885.367 million shares worth N5.829 billion changed hands in 13,870 deals.

This volume of shares traded, was, however, higher than a turnover of 8.054 million units valued at N13.328 billion, exchanged in 15,212 deals during the preceding week.

Specifically, at the close of transactions last week, the financial services industry (measured by volume) led the activity chart with 747.817 million shares valued at N3.832 billion, thus contributing 84.46 per cent and 65.73 per cent  to the total equity turnover volume and value respectively.

The consumer goods industry followed with 45.517 million shares worth N977.579 million in 2,145 deals.The third place was occupied by the agriculture industry with a turnover of 32.313 million shares worth N48.460 million in 247 deals.

Trading in the top three equities namely – Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc.(measured by volume) accounted for 290.319 million shares worth N3.015 billion in 3,795 deals, contributing 32.79 per cent  and 51.72 per cent  to the total equity turnover volume and value respectively.

Also traded during the week were a total of 4,511 units of Exchange Traded Products (ETPs) valued at N1.401 million executed in 38 deals, compared with a total of 690 units valued at N572, 158.80 transacted in 28 deals during the preceding week.

A total of 3,241 units of Federal Government and Corporate Bonds valued at N3.579 million were traded in four deals compared to a total of 28,280 units of Federal and State Government bonds valued at N29.572million transacted last week in eight deals.

The NSE All-Share index and market capitalisation appreciated by 0.53 per cent to close the week at 24,850.11 and N8.548 trillion respectively.

Similarly, all other indices finished higher during the week, with the exception of the NSE consumer goods
Index, NSE Oil/Gas Index and the NSE Lotus Index that declined by 0.83 per cent 0.73 per cent and 0.77 per cent  respectively.

35 equities appreciated in price during the week, higher than 26 equities of the previous week. 32 equities depreciated in price, lower than 41 equities of the previous week, while 122 equities remained unchanged same as the previous week.