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Nairaland Forum / Nairaland / General / Business / Financial Stocks Add 77.63% To NSE Total Equity Turnover (408 Views)
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Financial Stocks Add 77.63% To NSE Total Equity Turnover by dipoolowoo: 12:45pm On Aug 14, 2017 |
By Modupe Gbadeyanka In the last trading week, which ended Friday, August 11, 2017, a total turnover of 1.518 billion shares worth N28.868 billion in 23,053 deals were transacted by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 2.518 billion shares valued at N114.117 billion that exchanged hands in the previous week in 23,546 deals. But a breakdown of this showed that the Financial Services Industry (measured by volume) led the activity chart with 1.178 billion shares valued at N14.445 billion traded in 11,520 deals; thus contributing 77.63 percent and 50.04 percent to the total equity turnover volume and value respectively. It was followed by the Consumer Goods Industry with 183.850 million shares worth N12.508 billion traded in 5,807 deals. The third place was occupied by Conglomerates Industry with a turnover of 53.758 million shares worth N126.669 million in exchanged 819 deals. Trading in the top three equities namely – Access Bank Plc, Zenith International Bank Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 500.113 million shares worth N11.910 billion in 3,870 deals, contributing 32.95 percent and 41.26 percent to the total equity turnover volume and value respectively. Also during the week, 32 equities appreciated in price, lower than 38 equities of the previous week, while 37 equities depreciated in price, higher than 28 equities of the previous week, and 102 equities remained unchanged lower than 105 equities recorded in the preceding week. Furthermore, the All-Share Index and market capitalization appreciated by 2.07 percent to close the week at 38,198.60 and N13.166 trillion respectively. Similarly, all other Indices finished higher during the week with the exception of the NSE Premium, NSE Banking, NSE Insurance and the NSE Oil/Gas Index, which depreciated by 1.64 percent, 0.94 percent, 3.02 percent and 2.78 percent respectively. However, the NSE ASeM Index closed flat. Also traded during the week were a total of 2,461 units of Exchange Traded Products (ETPs) valued at N296,837.94 executed in 9 deals compared with a total of 1.166 million units valued at N16.169 million transacted last week in 17 deals. In addition, a total of 9,615 units of Federal Government Bonds valued at N8.301million were traded during the week in 21 deals, compared with a total of 5,850 units valued at N5.702 million transacted in the previous week in 7 deals. https://www.businesspost.ng/2017/08/14/financial-stocks-add-77-63-nse-total-equity-turnover/
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