The Nigerian Stock Exchange (NSE) , last week, recorded a turnover of
377.798 million shares worth N3.641 billion in 7,466 deals.
This amount traded was, however, lower than a total of 1.469 billion
shares valued at N17.065 billion that changed hands in 21,246 deals
during the preceding week.
The drop in turnover, was, however, attributed to the three-day
holiday declared by the Federal Government to commemorate the
Id-el-Fitri celebration.
Specifically, the financial services industry (measured by volume) led
the activity chart with 305.334 million shares valued at N2.011 billion
traded in 4,260 deals; thus contributing 80.82 per cent and 55.23per
cent to the total equity turnover volume and value respectively.
The oil and gas industry followed with 32.753 million shares worth N341.230 million in 1,029 deals.
The consumer goods industry ranked third with a turnover of 16.258 million shares worth N635.951 million in 1,179 deals.
Trading in the top three equities namely –FBN Holdings Plc, Guaranty
Trust Bank Plc and Access Bank Plc (measured by volume) accounted for
122.347 million shares worth N1.291 billion in 1,477 deals, contributing
32.38 per cent and 35.47 per cent to the total equity turnover volume
and value respectively.
Also traded during the week were a total of 35 units of Exchange
Traded Products (ETPs) valued at N374.00 executed in 7 deals, compared
with a total of 12,695 units valued at N174,028.05 transacted last week
in 35 deals.
A total of 13,767 units of Federal Government Bonds valued at N14.356
million were traded in 5 deals compared to a total of 2,979 units of
Federal Government Bonds valued at N2.908 million transacted last week
in 5 deals.
This post was syndicated from The Guardian NigeriaThe Guardian Nigeria. Click here to read the full text on the original website.
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