Financial stocks contribute 87.7% to NSE’s turnover in one week

NSE (Nigerian Stock Exchange)

NSE (Nigerian Stock Exchange)

The financial sector dominated in volume terms on the equity sector of the Nigerian Stock Exchange (NSE) last week with 1.068 billion shares valued at N9.888 billion traded in 7,803 deals.

With the volume of shares traded, the sector contributed 87.73 per cent and 67.33 per cent to the total equity turnover volume and value respectively.
Following the financial sector last week, was the consumer goods industry followed 48.455 million shares worth N2.450 billion in 2,560 deals.

The conglomerates industry ranked third with a turnover of 45.914 million shares worth N364.525 million in 622 deals.
Trading in the top three equities namely – Guaranty Trust Bank Plc, FBN Holdings Plc and Union Homes Savings and Loans Plc (measured by volume) accounted for 610.558 million shares worth N7.340 billion in 3,262 deals, contributing 50.13 per cent and 49.98 per cent to the total equity turnover volume and value respectively.

Consequently, a turnover of 1.218 billion shares worth N14.685 billion in 13,495 deals were recorded by investors on the floor of the Exchange last week, in contrast to a total of 1.041 billion shares valued at N13.007 billion that changed hands in 13,407 deals during the preceding week.

Also traded during the week were a total of 23,812 units of Exchange Traded Products (ETPs) valued at N417,201.24 executed in 32 deals, compared with a total of 49,895 units valued at N916,710.90 transacted last week in 38 deals.

A total of 90 units of Federal Government (FG) Bonds valued at N109,423.68 were traded this week in 1 deal, compared with a total of 8,262 units of FG Bonds valued at N9.151 million transacted last week in 7 deals.

The NSE All-share index and market capitalisation appreciated by 0.05per cent to close the week at 27,631.05 and N9.500 trillion respectively.

Similarly, six other Indices finished higher during the week, except the following Indices: NSE Main Board Index (-0.78per cent), NSE 30 Index(-0.10per cent),NSE Consumer Goods Index(-0.10per cent),NSE Oil and Gas Index(- 6.19per cent) and NSE Pension Index(-0.66per cent).

28 equities appreciated in price during the week, higher than 21 equities of the preceding week. 51 equities depreciated in price, higher than 41 equities of the previous week, while 111 equities remained unchanged, lower than 128 equities recorded in the preceding week.

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