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FCMB, GTBank, Zenith Bank Trade N18b Shares in Five Days

By Dipo Olowookere

A total of 745.049 million shares of FCMB, GTBank and Zenith Bank worth N17.507 billion were traded in 2,757 deals on the floor of the Nigerian Stock Exchange (NSE) last week.

This made the above equities the most traded by investors last week, contributing 46.69 percent and 67.36 percent to the total equity turnover volume and value respectively.

Business Post reports that at the close of transactions last week, the Financial Services Industry, measured by volume, led the activity chart with 1.360 billion shares valued at N20.378 billion traded in 11,936 deals, contributing 85.80 percent and 78.40 percent to the total equity turnover volume and value respectively.

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The Consumer Goods Industry followed with 52.727 million shares worth N2.125 billion in 3,301 deals, while the third place was occupied by Oil and Gas Industry with a turnover of 50.092 million shares worth N783.716 million in 2,153 deals.

In all, a total turnover of 1.586 billion shares worth N25.992 billion in 21,115 deals were traded last week by investors in contrast to a total of 1.331 billion shares valued at N20.835 billion that exchanged hands the previous week in 18,695 deals.

During the week, 35 equities appreciated in price, lower than 37 in the previous week, while 49 equities depreciated in price, higher than 32 equities of the previous week and 85 equities remained unchanged, lower than 100 equities recorded in the preceding week.

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For the market indices, the All-Share Index and market capitalization depreciated by 0.48 percent to close the week at 41,022.31 points and N14.860 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Premium, NSE Banking, NSE Insurance, NSE Oil/Gas and NSE Lotus II indices that appreciated by 0.35 percent, 0.45 percent, 0.83 percent, 0.13 percent and 0.34 percent respectively, while the NSE ASeM closed flat.

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Also traded during the week were a total of 444,190 units of Exchange Traded Products (ETPs) valued at N2.514 million executed in 11 deals, compared with a total of 709,058 units valued at N3.845 million that was transacted last week in 10 deals.

In addition, a total of 7,647 units of Federal Government valued at N8.047 million were traded last week in 30 deals, compared with a total of 80,152 units valued at N82.543 million transacted last in the preceding week in 14 deals.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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