Access, Diamond and UBA trade 45% of the week volume

Trading in the top-three equities namely  of Access Bank Plc, Diamond Bank Plc and United Bank of Nigeria Plc (measured by volume) accounted for 522.737 million shares worth N1.951 billion in 1,914 deals, contributing 44.95 per share and 21.09 per share to the total equity turnover volume and value respectively.

A turnover of 1.163 billion shares worth N9.251 billion in 14,992 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 934.905 million shares valued at N6.357 billion that investors exchanged last week in 12,352 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.09% to close the week at 27,861.03 and N9.570 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of The NSE-Main Board, NSE Insurance, NSE Lotus II and the NSE Industrial Goods Indices that declined by 0.21 per cent, 0.55 per cent, 1.15 per cent and 3.59 per cent respectively, while the NSE ASeM Index closed flat.

The Financial Services Industry (measured by volume) led the activity chart with 1.022 billion shares valued at N5.890 billion traded in 8,812 deals; thus contributing 87.93 per cent and 63.68 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 61.569 million shares worth N141.308 million in 633 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 33.086 million shares worth N2.017 billion in 2,642 deals.

Also traded during the week were a total of 119,743 units of Exchange Traded Products (ETPs) valued at N600,589.51 executed in 25 deals, compared with a total of 184 units valued at N2,077.37 transacted last week in 16 deals.

A total of 1,510 units of Federal Government Bonds valued at N1.558 million were traded in 1 deal compared to a total of 580 units of Federal Government Bonds valued at N N576,723.03 transacted last week in 2 deals.

A total of 22 equities appreciated in price during the week, same as of the previous week.  Also, 42 equities depreciated in price, higher than 35 equities of the previous week, while 116 equities remained unchanged lower than 123 equities recorded in the preceding week.