Financial services dominate trading last week
by TELIAT SULE
March 4, 2018 | 12:00 am| | | Start Conversation
Investors at the Nigerian Stock Exchange last week traded 2.17 billion shares worth N39.08 billion in 24,657 deals as against 2.018 billion shares valued at N21.74 billion traded 25,496 deals in the previous week.
The financial services accounted for 71 percent and 45 percent of the market volume and value. It was followed by the industrial goods industry while the conglomerates sub sector came third.
The ASI closed at 42,876.23 points while the market capitalisation of listed equities ended the week at N15.403 trillion. Additional 960,432,193 units of shares of UAC Nigeria plc resulting from Rights Issue were added to the company’s outstanding shares on Friday, March 2, 2018.
A total of 50,547 units of exchange traded products worth N4.593 million were traded in 12 deals compared with 111,794 units valued at N1.806 million that were trade in 10 deals the week before. The most traded were STANBIC ETF 30 and VETGRIF 30.
A total of 6,576 units of the Federal Government bonds valued at N6.332 million were traded in 31 deals as against 9,963 units worth N10.057 million exchanged in 21 deals in the previous week.
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