- Transcorp, Diamond Bank, FCMB Dominate Weekly Equity Trading
Transnational Corporation of Nigeria Plc, Diamond Bank Plc and FCMB Group Plc (measured by volume) emerged as the top three equities for last week, accounting for 1.751 billion shares worth N5.023bn in 6,131 deals.
They contributed 34.93 per cent and 10.96 per cent to the total equity turnover volume and value, respectively.
A total turnover of 5.011 billion shares worth N45.816bn in 44,569 deals were traded last week by investors on the floor of the Nigerian Stock Exchange while a total of 5.021 billion shares valued at N68.974bn exchanged hands the penultimate week in 41,542 deals.
The financial services industry (measured by volume) led the activity chart with 3.672 billion shares valued at N29.946bn traded in 28,608 deals; thus contributing 73.29 per cent and 65.36 per cent to the total equity turnover volume and value, respectively.
The conglomerates industry followed with 864.180 million shares worth N2.440bn in 2,561 deals. The third place was occupied by the consumer goods industry with a turnover of 210.994 million shares worth N7.731bn in 7,336 deals.
Also traded last week were a total of 1.947 million units of Exchange Traded Products valued at N105.567m executed in 15 deals, compared with a total of 777,535 units valued at N7.689m that was transacted last week in 15 deals.
In addition, a total of 4,437 units of the Federal Government bonds valued at N4.260m were traded last week in nine deals, compared with a total of 6,301 units valued at N6.298m transacted the penultimate week in 12 deals.
The NSE All-Share Index and market capitalisation appreciated by 5.11 per cent to close the week at 45,092.83 and N16.154tn, respectively. Similarly, all other indices finished higher during the week with the exception of the NSE consumer goods index that depreciated by 1.31 per cent while the NSE ASeM Index closed flat.
Forty equities appreciated in price during the week, lower than 66 of the previous week. Thirty-two equities depreciated in price, higher than seven equities of the previous week, while 100 equities remained unchanged higher than 99 equities recorded in the preceding week.