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Financial Services Industry dominates trading at Nigerian bourse

The Financial Services Industry led the activity chart this week on the Nigerian Exchange with 454.718 million shares valued at…

The Financial Services Industry led the activity chart this week on the Nigerian Exchange with 454.718 million shares valued at N4.813 billion traded in 8,214 deals.The weekly report of transactions released on Friday in Lagos by the Exchange showed that the ICT Industry followed with 61.735 million shares worth N1.647 billion in 1,600 deals, while the third place was the Conglomerates Industry, with a turnover of 56.842 million shares worth N119.141 million in 622 deals.

A total turnover of 756.769 million shares worth N13.653 billion in 18,248 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.241 billion shares valued at N15.668 billion that exchanged hands last week in 18,560 deals.

Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc, accounted for 165.522 million shares worth N2.320 billion in 2,530 deals, contributing 21.87% and 16.99% to the total equity turnover volume and value respectively.

According to the report, a total of 3,892 units valued at N0.785 million were traded this week in 38 deals compared with a total of 2,063 units valued at N1.505 million transacted last week in 59 deals.

In the Bonds section, a total of 29,711 units valued at N29.901 million were traded this week in 27 deals compared with a total of 21,845 units valued at N21.565 million transacted last week in 14 deals.

The NGX All-Share Index and Market Capitalization appreciated by 0.12% to close the week at 52,657.88 and N28.681 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX 30, NGX CG, NGX Premium, NGX MERI Growth, NGX Consumer Goods and NGX Sovereign Bond, indices which depreciated by 0.07%, 0.05%, 0.45%, 1.21%, 1.09% and 2.30% respectively, while the NGX ASeM index closed flat.  ($1=N459)

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