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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 Exchange with 646.404 million shares valued…

The Financial Services Industry led the activity chart on the floor of the Nigerian Exchange with 646.404 million shares valued at N5.199 billion traded in 8,996 deals.According to the weekly report of transactions released on Friday in Lagos by the Nigerian bourse, the Consumer Goods Industry followed with 108.587 million shares worth N2.257 billion in 3,213 deals, while the third place was Conglomerates Industry, with a turnover of 80.257 million shares worth N179.134 million in 614 deals.

The report added that a total turnover of 1.006 billion shares worth N10.330 billion in 17,165 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 981.147 million shares valued at N10.384 billion that exchanged hands last week in 15,001 deals.

Trading in the top three equities namely Zenith Bank Plc, Transcorp Hotels Plc and Access Bank Plc (measured by volume) accounted for 207.341 million shares worth N2.510 billion in 2,774 deals.

It explained that a total of 101,876 units valued at N1.732 million were traded this week in 19 deals compared with a total of 101,419 units valued at N1.610 million transacted last week in 14 deals.

In the Bonds section, a total of 216,675 units valued at N215.720 million were traded this week in 44 deals compared with a total of 26,452 units valued at 26,452 units transacted last week in 17 deals.

The NSE All-Share Index and Market Capitalization depreciated by 2.56% to close the week at 37,658.26 and N19.627 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE CG, NSE Banking, NSE Pension, NSE-AFR Bank Value, NSE AFR Div Yield, NSE MERI Growth, NSE Consumer Goods, NSE Oil/Gas and NSE Sovereign Bond which appreciated by 0.37%,0.92%, 0.02%, 1.40%, 1.71%, 0.75%, 0.57%, 0.12%, and 0.26% respectively, while the NSE Growth Index closed flat. ($1=N410) 

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