Friday, March 29, 2024

Financial Services Industry dominates transactions as investors exchange N14.016bn shares

A total turnover of 872.892 million shares, worth N14.016 billion, were traded last week in 19,047 deals, in contrast to a total of 1.555 billion shares, valued at N13.504 billion that exchanged hands last week in
18,409 transactions.
The Financial Services Industry (measured by volume) led the activity chart with 692.380 million shares, valued at N8.940 billion, traded in 11,464 deals; thus contributing 79.32 per cent and 63.78 per cent to the total equity turnover volume and value, respectively.
The Conglomerates Industry followed with 63.658 million shares, worth N123.149 million in 896 deals.
The third place was occupied by Consumer Goods Industry with a turnover of 61.676 million shares, worth N3.034 billion in 3,469 transactions. Trading in the Top Three Equities namely: Guaranty Trust Bank Plc, Zenith International Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 270.638 million shares, worth N7.213 billion in3,902 deals, contributing 31.01 per cent and 51.47 per cent to the total equity turnover volume and value
respectively.
At the Exchange Traded Products segment of the market, a total of 34,573 units of ETPs, valued at N2.091 million, were executed in 14 deals, compared with a total of 60 units valued at N2, 265.60 transacted previous week in six transactions.
However, a total of 7,279 units of Federal Government Bonds, valued at N7.139 billion, were traded in 12 deals, compared with a total of 1,041 units valued at N1.040 million transacted last week in
10 deals.
The NSE’s All-Share Index and Market Capitalisation depreciated by 0.71per cent to close the week at 36,587.31 and N12.594 trillion respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE Banking and NSE Pension Indices that appreciated by 0.03 per cent and 0.02 per cent respectively while the NSE ASeM Index
closed flat.
On the price movement chart, 23 equities appreciated in price during the week, lower than 41 of the previous week. Thirty-four equities depreciated in price, higher than 23 equities of the previous week, while 114 equities remained unchanged, higher than 107 equities recorded in the
preceding week.

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