Financial stocks contribute 89% to NSE’s turnover
The financial services industry dominated in volume terms at the end of last week’s transactions on the Nigerian Stock exchange (NSE) with 993.823 million shares valued at N7.279 billion, contributing 89.11 per cent to the total equity turnover.
Following the financial sector last week, was the consumer goods industry with a turnover of 48.047 million shares worth N4.365 billion in 2,682 deals.The conglomerates ranked third with a turnover of 31.648 million shares worth N109.579 million in 487 deals.
Consequently, a turnover of 1.115 billion shares worth N13.817 billion in 16,083 deals were recorded by investors, in contrast to a total of 1.124 billion shares valued at N13.839 billion that changed in 15,625 deals during the preceding week.
Trading in the top three equities namely – Guaranty Trust Bank Plc, United Bank for Africa Plc and Diamond Bank Plc accounted for 394.511 million shares worth N4.397 billion in 3,142 deals, contributing 35.37 per cent and 31.82 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 29,242 units of Exchange Traded Products (ETPs) valued at N283, 495.57 executed in 42 deals, compared with a total of 16,397 units valued at N1.961 million transacted last week in 37 deals
A total of 4,470 units of Federal Government Bonds valued at N4.313 million were traded in 8 deals compared to a total of 1,650 units of Federal Government Bonds valued at N1.690 million transacted last week in 3 deals.
The NSE All-share index and market capitalisation appreciated by 1.11 per cent and 1.13 per cent to close the week at 27,756.67 and N9.535 trillion respectively. Similarly, all other Indices finished higher during the week, with the exception of the NSE Industrial Goods, index that declined by 0.24 per cent while the NSE ASeM Index closed flat.28 equities appreciated in price during the week, higher than 27 equities of the previous week. 31 equities depreciated in price, higher than 25 equities of the previous week, while 121 equities remained unchanged lower than 128 equities recorded in the preceding week.
A total of 30,000,000, 40,000,000 and 149,585,000 units were added to the following bonds: FGN January 2026, 12.40 percent FGN March 2036 and 14.50 per cent FGN July 2021 respectively on August 29, 2016.
Also, 3,200,000,000 units of Staco Insurance Plc that arose from a special placing were admitted to trading on the 1st of September 2016. This brings the total outstanding shares of the company to 9,341,087,609 units.
Seven-Up topped the gainers chart, adding 28.23 per cent to close at N144.90 per share. Wema Bank followed with 17.19 per cent to close at N0.75 per share. Seplat Petroleum added 15.76 per cent to close at N318.33 per share.
Presco gained 11.88 per cent to close at N45.30 per share. Skye Bank garnered 8.47 per cent to close at N0.64 per share. NPF Micro finance Bank added 8.42 per cent to close at N1.03 per share. First City Monument Bank gained 6.48 per cent to close at N1.15 per share.
AIICO insurance added 6.45 per cent to close at N0.66 per share. Mobil gained 5.00 per cent to close at N170.78 per share. FBN Holdings also appreciated by 4.95 per cent to close at N3.18 per share.
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