Financial Stocks Adds 76.83% to NSE Equity Volume

April 23, 2017
Financial Stocks Adds 76.83% to NSE Equity Volume

Financial Stocks Adds 76.83% to NSE Equity Volume

By Dipo Olowookere

It was another four-day trading week as the Federal Government of Nigeria declared Monday, April 17, 2017 as public holiday in commemoration of the Easter celebrations.

During the trading week, a total turnover of 896.748 million shares worth N5.918 billion in 11,185 deals were traded by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.191 billion shares valued at N6.037 billion that exchanged hands last week in 11,820 deals.

Business Post gathered that the Financial Services Industry (measured by volume) led the activity chart with 688.971 million shares valued at N3.637 billion traded in 6,374 deals; thus contributing 76.83 percent and 61.46 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 105.516 million shares worth N207.182 million in 944 deals, while the third place was occupied by Consumer Goods Industry with a turnover of 45.172 million shares worth N1.139 billion in 1,569 deals.

Trading in the Top Three Equities namely – Diamond Bank Plc, Transnational Corporation of Nigeria Plc and Law Union and Rock Ins. Plc (measured by volume) accounted for 335.346 million shares worth N312.960 million in 1,176 deals, contributing 37.42 percent and 5.29 percent to the total equity turnover volume and value respectively.

During the week, 24 equities appreciated in price, higher than 13 equities of the previous week. Also, 31 equities depreciated in price, lower than 37 equities of the previous week, while 122 equities remained unchanged lower than 127 equities recorded in the preceding week.

The NSE All-Share Index and Market Capitalization depreciated by 1.26 percent to close the week at 25,189.37 and N8.716 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception the NSE ASeM, NSE Oil/Gas and the NSE Pension Indices that appreciated by 0.06 percent, 0.60 percent and 0.36 percent respectively.

Also traded during the week were a total of 100 units of Exchange Traded Products (ETPs) valued at

N6,799 executed in 1 deal compared with a total of 16 units valued at N1,088 transacted last week in 1 deals.

A total of 1,311 units of Federal Government Bonds valued at N1.346 million were traded this week in 7 deals, compared with a total of 4,800 units valued at N4.892 million transacted last week in 10 deals.

Dipo Olowookere

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.

Mr Olowookere can be reached via [email protected]

Leave a Reply

Medical Services
Previous Story

NNPC Unveils Boards for HMO, Medical Services

Osinbajo to Probe Babachir, Oke in Secret
Next Story

Osinbajo to Probe Babachir, Oke in Secret

Latest from Economy

Don't Miss