Financial Services Industry dominates trading at Nigerian bourse

The Financial Services Industry led the activity chart on the flow of the Nigerian Stock Exchange (NSE) with 2.106 billion…

The Financial Services Industry led the activity chart on the flow of the Nigerian Stock Exchange (NSE) with 2.106 billion shares valued at N19.454 billion traded in 8,327 deals in this four-day trading week.The Nigerian Government declared Friday, December 25, 2020 as Public Holiday in commemoration of the Christmas Celebration.

The weekly report of transactions released on Thursday in Lagos by the NSE showed that the Consumer Goods Industry followed with 182.099 million shares worth N4.392 billion in 2,485 deals, while the third place was Industrial Goods Industry, with a turnover of 145.808 million shares worth N10.632 billion in 2,587 deals.

The report added that a total turnover of 2.756 billion shares worth N40.311 billion in 17,459 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.893 billion shares valued at N17.647 billion that exchanged hands last week in 20,660 deals.

According to the report, trading in the top three equities namely Access Bank Plc, Zenith Bank Plc and AXA Mansard Insurance Plc, accounted for 1.439 billion shares worth N13.881 billion in 2,972 deals, contributing 52.23% and 34.44% to the total equity turnover volume and value respectively.

It explained that a total of 645,669 units valued at N2.009 billion were traded this week in 33 deals compared with a total of 412,358 units valued at N1.396 billion transacted last week in 40 deals.

In the Bonds section, a total of 488 units valued at N499,807.41 were traded this week in 11 deals compared with a total of 47,699 units valued at N53.129 million transacted last week in 22 deals.

The NSE All-Share Index and Market Capitalization appreciated by 5.42% to close the week at 38,800.01 and N20.279 trillion respectively.

Similarly, all other indices finished higher with the exception of NSE Banking, AFR Bank Value, AFR Div Yield and MERI Growth which depreciated by 1.03%, 0.95%, 0.31% and 0.80% while the NSE ASeM and NSE Growth Indices closed flat. ($1=N380)

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