- PZ Cussons Leads Gainers, as NSE Records N8.6b Turnover
PZ Cussons Plc traded higher at the end of last week’s transactions on the Nigerian Stock Exchange. It led nine other with 21.29 per cent to close at N13.39 per share.
Following PZ Cussons, last week, was Julius Berger Plc, adding 10.22 per cent to close at N38.39 per share. Other gainers in last week’s transactions include; Betaglas, Forte Oil, United Capital adding 10.22, 9.91 and 7.61 per cent to close at N36.45, N59.41 and N3.82 per share.
Jaiz Bank gained 6.11 per cent to close at N1.39 per share. Sterling Bank added 5.71 per cent to close at N0.74 per share.
Dangote Flourmills garnered 5.67 per cent to close at N4.10 per share. Livestock added 5.56 per cent to close at N0.76 per share. FBN Holdings also gained 5.43 per cent to close at N3.30 per share.
Consequently, a turnover of 1.073 billion shares worth N8.608 billion in was recorded in 14,486 deals by investors on the floor of the Exchange, in contrast to a total of 1.052 billion shares valued at N8.031 billion that changed hands in 13,586 deals during the week ended February 10, 2017.
Last week, the financial services industry (measured by volume) led the activity chart with 930.380 million shares valued at N5.701 billion traded in 8,759 deals; thus contributing 86.70 per cent and 66.24 per cent to the total equity turnover volume and value respectively.
The consumer goods industry followed with 52.480 million shares worth N1.992 billion in 2,513 deals. The conglomerates industry ranked third with a turnover of 22.125 million shares worth N39.217 million in 499 deals.
Trading in the top three equities namely – Staco Insurance Plc, Zenith International Bank Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 473.880 million shares worth N4.269 billion in 2,254 deals, contributing 44.16 per cent and 49.60 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 15.400 million units of Exchange Traded Products (ETPs) valued at N198.477 million executed in nine deals, compared with a total of 200 units valued at N338,007.70 transacted last week in eight deals.
A total of 10,673 units of Federal Government Bonds valued at N10.479 million were traded this week in 10 deals, compared with a total of 1,135 units valued at N1.175 million transacted last week in five deal. The NSE All-share index and market capitalisation depreciated by 0.69 per cent to close the week at 25,164.91 and N8.709 trillion.