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Financial Services Industry dominates trading at Nigerian bourse

The Financial Services Industry led the activity chart on the floor of the Nigerian Stock Exchange (NSE) with 1.714 billion…

The Financial Services Industry led the activity chart on the floor of the Nigerian Stock Exchange (NSE) with 1.714 billion shares valued at N13.352 billion traded in 15,102 deals.The weekly report of transactions released on Friday in Lagos by the NSE showed that the Construction/Real Estate Industry followed with 768.131 million shares worth N4.203 billion in 430 deals, while the third place was Conglomerates Industry, with a turnover of 279.799 million shares worth N578.694 million in 1,199 deals.

 It added that a total turnover of 3.447 billion shares worth N32.725 billion were traded in 30,327 deals this week by investors in contrast to a total of 3.394 billion shares valued at N19.867 billion that exchanged hands last week in 26,808 deals.

 According to the report, trading in the top three equities namely UPDC Real Estate Investment Trust, Mutual Benefits Assurance Plc and Transnational Corporation of Nigeria Plc accounted for 1.224 billion shares worth N4.459 billion in 929 deals.

 It explained that a total of 413,509 units valued at N2.454 billion were traded this week in 42 deals compared with a total of 196,294 units valued at N816.553 million transacted last week in 38 deals.

 In the Bonds section, a total of 11,420 units valued at N12.325 million were traded this week in 17 deals compared with a total of 10,051 units valued at N12.591 million transacted last week in 27 deals.

The NSE All-Share Index and Market Capitalization appreciated by 2.63% to close the week at 41,176.14 and N21.530 trillion respectively.

Similarly, all other indices finished higher with the exception of NSE Growth which depreciated by 3.32% while the NSE ASeM Index closed flat.  ($1=N380)

 

 

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