FBN, Fidelity Bank, Zenith Bank Top Equities’ Trade

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  • FBN, Fidelity Bank, Zenith Bank Top Equities’ Trade

FBN Holdings Plc, Fidelity Bank Plc and Zenith International Bank Plc (measured by volume) accounted for 958.742 million shares worth N11.355bn in 6,765 deals to emerge as the top three equities at the end of last week’s trading on the floor of the Nigerian Stock Exchange.

They were said to have contributed 28.91 per cent and 31.15 per cent to the total equity turnover volume and value, respectively.

A total turnover of 3.316 billion shares worth N36.451bn in 29,771 deals were traded by investors on the floor of the Exchange in contrast to a total of 14.257 billion shares valued at N35.056bn that exchanged hands in the penultimate week in 17,379 deals.

The financial services industry (measured by volume) led the activity chart with 2.785 billion shares valued at N26.075bn traded in 18,293 deals; thus contributing 83.97 per cent and 71.54 per cent to the total equity turnover volume and value, respectively.

The conglomerates industry followed with 247.639 million shares worth N1.330bn in 1,333 deals. The third place was occupied by the consumer goods industry with a turnover of 185.560 million shares worth N5.976bn in 6,137 deals.

Also traded during the week were a total of 1.189 million units of Exchange Traded Products valued at N11.662m executed in 30 deals, compared with a total of 1,090 units valued at N14,708.50 that was transacted the penultimate week in 10 deals.

A total of 5,240 units of Federal Government Bonds valued at N4.406m were traded last week in 23 deals, compared with a total of 21,670 units valued at N23.125m transacted last week in 17 deals.

The NSE All-Share Index and market capitalisation appreciated by 3.46 per cent to close the week at 39,257.53 basis points and N13.672tn, respectively.

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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