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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 952.237 million…

The Financial Services Industry led the activity chart this week on the floor of the Nigerian Exchange with 952.237 million shares valued at N9.728 billion traded in 9,647 deals.The weekly report of transactions released on Friday in Lagos showed that the Industrial Goods Industry followed with 92.864 million shares worth N8.510 billion in 1,682 deals, while the third place was the Conglomerates Industry, with a turnover of 54.568 million shares worth N96.654 million in 754 deals.

It added that a total turnover of 1.286 billion shares worth N29.634 billion in 19,816 deals was traded this week by investors in contrast to a total of 921.856 million shares valued at N27.154 billion that exchanged hands last week in 15,601 deals.

Trading in the top three equities namely FBN Holdings Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc (measured by volume) accounted for 507.852 million shares worth N5.707 billion in 2,585 deals.

According to the report, a total of 7,591 units valued at N1.726 million were traded this week in 58 deals compared with a total of 2,172 units valued at N1.470 million transacted last week in 43 deals.

In the Bonds section, a total of 51,785 units valued at N51.600 million were traded this week in 16 deals compared with a total of 6,695 units valued at N6.450 million transacted last week in 15 deals.

The NGX All-Share Index and Market Capitalization appreciated by 2.52% to close the week at 52,512.48 and N28.602 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Insurance and NGX Growth indices which depreciated by 1.64% and 4.40% respectively, while the NGX ASeM and NGX Sovereign Bond indices closed flat.  ($1=N451)

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