FBN, Zenith, Fidelity stocks Lead Trading on NSE

stock market
  • FBN, Zenith, Fidelity stocks Lead Trading on NSE

FBN Holdings Plc, Zenith International Bank Plc and Fidelity Bank Plc (measured by volume) emerged as the top-three equities for this past week, accounting for 1.084 billion shares worth N17.852bn in 7,074 deals.

They contributed 44.34 per cent and 48.69 per cent to the total equity turnover volume and value, respectively.

A total turnover of 2.444 billion shares worth N36.665bn in 26,712 deals were traded by investors on the floor of the Nigerian Stock Exchange as against a total of 3.079 billion shares valued at N39.99bn that exchanged hands the penultimate week in 23,086 deals.

The financial services industry (measured by volume) led the activity chart with 2.044 billion shares valued at N26.33bn traded in 16,788 deals; thus contributing 83.61 per cent and 71.81 per cent to the total equity turnover volume and value, respectively.

The consumer goods industry followed with 168.973 million shares worth N8.111bn in 4,927 deals. The third place was occupied by the oil/gas industry with a turnover of 94.742 million shares worth N825.871m in 1,641 deals.

Also traded during the week were a total of 1.889 million units of Exchange Traded Products valued at N10.512m executed in four deals, compared with a total of 50,547 units valued at N4.593m that was transacted the penultimateweek in 12 deals.

A total of 40,566 units of the Federal Government Bonds valued at N44.313m were traded last week in 29 deals, compared with a total of 6,574 units valued at N6.332m transacted the penultimate week in 31 deals.

The NSE All-Share Index and market capitalisation depreciated by 2.85 per cent and 3.26 per cent to close the week at 41,935.93 and N15.002tn, respectively. Similarly, all other indices finished lower during the week with the exception of the NSE insurance index that appreciated by 0.25 per cent.

Twenty-five equities appreciated in price during the week, lower than forty-five in the previous week. Sixty equities depreciated in price, higher than 40 equities in the previous week, while 86 equities remained unchanged lower than 87 equities recorded in the preceding week.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

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