NSE equity turnover hits N17.86 billion as bank stocks excite
1.096 billion shares worth N17.859 billion in 16,070 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 896.618 million shares valued at N15.368 billion that exchanged hands the previous week in 17,048 deals.
The financial services industry led the activity chart by volume, with 880.597 million shares valued at N13.614 billion traded in 8,994 deals; it therefore contributed 80.33 percent and 76.23 percent to the total equity turnover volume and value respectively.
The Industrial Goods Industry followed with 69.174 million shares worth N676.248 million in 881 deals. The third place was occupied by Consumer Goods Industry with a turnover of 49.288 million shares worth N2.870 billion in 3,077 deals.
Trading in the top three equities namely Guaranty Trust Bank Plc, Access Bank Plc, Jaiz Bank Plc (measured by volume) accounted for 450.567 million shares worth N10.942 billion in 1,834 deals, contributing 41.11% and 61.27 % to the total equity turnover volume and value respectively.
In addition, 58 units of Exchange Traded Products (ETPs) valued at N90,475.00 were executed in 5 deals compared with a total of 1,265 units valued at N145,720.20 transacted last week in 8 deals.
178 units of Federal Government Bonds valued at N163,407.05 were traded this week in 2 deals, compared with a total of 5,290 units valued at N5.030 million transacted last week in 15 deals.
The NSE All Share Index and Market Capitalization appreciated by 1.38 percent to close the week at 35,488.81and N12.234 trillion respectively.
Similarly, all other indices finished higher during the week with the exception of NSE Consumer Goods and NSE Oil/Gas indices that depreciated by 0.23% and 3.05% while the NSE ASeM Index closed flat.
Twenty-five (25) equities appreciated in price during the week, higher than twenty-three (23) of the previous week. Thirty-five (35) equities depreciated in price, lower than forty-five (45) equities of the previous week, while one hundred and eleven (111) equities remained unchanged higher than one hundred and four (104) equities recorded in the preceding week.
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