Zenith, GTB and UBA dominate trading on The NSE

Trading in the shares of Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 290.319 million shares worth N3.015 billion in 3,795 deals, contributing 32.79 per cent and 51.72 per cent to the total equity turnover volume and value respectively for the week on the floor of The Nigerian Stock Exchange.

A turnover of 885.367 million shares worth N5.829 billion in 13,870 deals were traded by investors in contrast to a total of 8.054 billion shares valued at N13.328 billion that exchanged hands last week in 15,212 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.53 per cent to close the week at 24,850.11 and N8.548 trillion respectively. Similarly, all other Indices finished higher during the week, with the exception of the NSE Consumer Goods Index, NSE Oil/Gas Index and The NSE Lotus Index that declined by 0.83 per cent, 0.73 per cent and 0.77 percent respectively.

A total of 35 equities appreciated in price during the week, higher than 26 equities of the previous week. 32 equities depreciated in price, lower than 41 of the previous week, while 122 equities remained unchanged same as the previous week.

The Financial Services Industry (measured by volume) led the activity chart with 747.817 million shares valued at N3.832 billion traded in 8,768 deals; thus contributing 84.46 per cent and 65.73 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 45.517 million shares worth N977.579 million in 2,145 deals. The third place was occupied by the Agriculture Industry with a turnover of 32.313 million shares worth N48.460 million in 247 deals.

A total of 4,511 units of Exchange Traded Products (ETPs) valued at N1.401 million executed in 38 deals, compared with a total of 690 units valued at N572, 158.80 transacted last week in  28  deals.

A total of 3,241 units of Federal Government and Corporate Bonds valued at N3.579 million were traded in 4 deals  compared to a total of 28,280 units of Federal and State Government Bonds valued at N29.572 million transacted last week in 8 deals.