FBN Holdings, Diamond Bank, UBA Dominate Equities’ Trading

• FBN Holdings, Diamond Bank, UBA Dominate Equities’ Trading

FBN Holdings Plc, Diamond Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 497.016 million shares worth N2.947bn in 4,205 deals, thus emerging the top three equities traded on the Nigerian Stock Exchange last week.

For the period, they contributed 36.48 per cent and 16.64 per cent to the total equity turnover volume and value, respectively.

Meanwhile, a total turnover of 1.363 billion shares worth N17.714bn in 21,891 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.394 billion shares valued at N16.403bn that exchanged hands the penultimate week in 19,195 deals.

The financial services industry (measured by volume) led the activity chart with 1.046 billion shares valued at N9.032bn traded in 12,847 deals; thus contributing 76.79 per cent and 50.99 per cent to the total equity turnover volume and value, respectively.

The consumer goods industry followed with 119.907 million shares worth N5.109bn in 4,827 deals. The third place was occupied by healthcare industry with a turnover of 70.587 million shares worth N77.530m in 349 deals.

Also traded last week were a total of 1,156,439 units of Exchange Traded Products valued at N6.404m executed in 13 deals compared with a total of 104,544 units valued at N11.506m transacted the penultimate week in seven deals.

A total of 2,775 units of the Federal Government bonds valued at N2.770m were traded last week in four deals, compared with a total of 559 units valued at N485,802.83 transacted the penultimate week in five deals.

The NSE All-Share Index and market capitalisation appreciated by 1.31 per cent to close last week at 36,939.59 and N12.785tn, respectively.