BY BUSAYO SAMUEL
Trading in the shares of FBN Holdings Plc, Guaranty Trust Holding Company Plc and Sterling Bank Plc was valued at N8.54billion in one week on the floor of the Nigerian Exchange Limited.
The banks which emerged top three equities in the Financial Services Industry in terms of volume and value in the week ended November 19, 2021, accounted for about 31 percent of total turnover value of the market in the review period. In volume terms, the banks which all together sold 638million of their shares to investors in 4,116 deals, contributed to about 46 percent of the turnover volume in the market.
Meanwhile, a total turnover of 1.392 billion shares worth N27.886 billion in 19,990 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.471 billion shares valued at N20.941 billion that exchanged hands last week in 20,410 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.082 billion shares valued at N11.579 billion traded in 11,612 deals; thus contributing 77.72% and 41.52% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 105.796 million shares worth N11.831 billion in 2,657 deals. The third place was The Conglomerates Industry, with a turnover of 56.136 million shares worth N73.687 million in 575 deals.
In the ETP segment of the market, a total of 54,936 units valued at N481, 455.15 were traded this week in 19 deals compared with a total of 23,297 units valued at N792, 386.34 transacted last week in 34 deals, while in the Bonds market a total of 65,606 units valued at N68.507 million were traded this week in 9 deals compared with a total of 56,655 units valued at N60.795 million transacted last week in 26 deals.
The NGX All-Share Index and Market Capitalization depreciated by 0.12% to close the week at 43,199.27 and N22.554 trillion respectively. Similarly, all other indices finished lower with the exception of NGX-Main Board and NGX Sovereign Bond indices which appreciated by 0.41% and 1.40% respectively, while the NGX ASeM and NGX Growth Indices closed flat.
Fifteen equities appreciated in price during the week, lower than Twenty-seven (27) equities in the previous week. Forty-nine (49) equities depreciated in price, higher than Thirty-six (36) equities in the previous week, while ninety-two (92) equities remained unchanged lower than ninety-three (93) equities recorded in the previous week.
