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Financial Services Industry dominates trading at Nigerian bourse

The Financial Services Industry led the activity chart this week on the floor of the Nigerian Exchange with 1.010 billion…

The Financial Services Industry led the activity chart this week on the floor of the Nigerian Exchange with 1.010 billion shares valued at N7.992 billion traded in 12,208 deals.The weekly report of transactions released on Friday in Lagos by the Nigerian Exchange showed that the Conglomerates Industry followed with 94.729 million shares worth N207.829 million in 878 deals while the third place was Consumer Goods Industry, with a turnover of 62.779 million shares worth N1.326 billion in 3,814 deals.

It added that a total turnover of 1.428 billion shares worth N12.373 billion in 23,987 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 3.001 billion shares valued at N34.547 billion that exchanged hands last week in 25,932 deals.

According to the report, trading in the top three equities namely FBN Holdings Plc, Sterling Bank Plc and United Bank for Africa Plc accounted for 402.924 million shares worth N3.063 billion in 3,208 deals, contributing 28.22% and 24.76% to the total equity turnover volume and value respectively.

A total of 252,857 units valued at N3.830 million were traded this week in 31 deals compared with a total of 186,360 units valued at N3.251 million transacted last week in 16 deals.

In the Bonds section, a total of 32,626 units valued at N33.332 million were traded this week in 16 deals compared with a total of 47,577 units valued at N50.350 million transacted last week in 32 deals.

The NGX All-Share Index and Market Capitalization depreciated by 0.06% to close the week at 42,014.50 and N21.926 trillion respectively.

All other indices finished lower with the exception of NGX Main Board, NGX Insurance, NGX MERI Growth, NGX Lotus II and NGX Industrial Goods indices which appreciated by 0.32%, 0.99%, 0.09%, 0.15% and 0.88% respectively, while the NGX ASeM Index closed flat. ($1=N410)

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