Conglomerates Industry Dominates NSE Activity Chart

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  • Conglomerates Industry Dominates NSE Activity Chart

The conglomerates industry (measured by volume) led the activity chart last week on the Nigerian Stock Exchange with 4.110 billion shares valued at N10,016bn traded in 2,454 deals.

It thus contributed 57.43 per cent and 23.54 per cent to the total equity turnover volume and value, respectively.

The financial services industry followed with 2.757 billion shares worth N25.398bn in 25,853 deals. The third place was occupied by the consumer goods industry with a turnover of 156.224 million shares worth N5.304bn in 5,875 deals.

A total turnover of 7.157 billion shares worth N42.545bn in 39,037 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 5.011 billion shares valued at N45.816bn that exchanged hands last week in 44,569 deals.

Trading in the top three equities namely – Transnational Corporation of Nigeria Plc, FCMB Group Plc and Skye Bank Plc (measured by volume) accounted for 4.786 billion shares worth N11.341bn in 5,216 deals, contributing 66.86 per cent and 26.66 per cent to the total equity turnover volume and value, respectively.

Also traded during the week were a total of 153,755 units of Exchange-Traded Products valued at N1.883m executed in 11 deals, compared with a total of 1.947 million units valued at N105.567m that was transacted the penultimate week in 15 deals.

A total of 6,715 units of Federal Government Bonds valued at N5.318m were traded last week in 15 deals, compared with a total of 4,437 units valued at N4.260m transacted the penultimate week in nine deals.

The NSE All-Share Index and market capitalisation depreciated by 2.93 per cent and 2.87 per cent to close the week at 43,773.76 and N15.692tn, respectively. Similarly, all other indices finished lower during the week with the exception of the NSE consumer goods and NSE oil/gas indices that appreciated by 2.15 per cent and 0.08 per cent, respectively while the NSE ASeM Index closed flat.

Thirty equities appreciated in price during the week, lower than 40 of the previous week. Forty-four equities depreciated in price, higher than 32 equities of the previous week, while 98 equities remained unchanged lower than 100 equities recorded in the preceding week.

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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