Financial Services Industry dominates trading at Nigerian bourse --[Reported by Umva mag]

The Financial Services Industry led the activity chart on the floor of the Nigerian Exchange this week with 1.485 billion shares valued at N17.965 billion traded in 19,613 deals.

The Services Industry followed with 1.108 billion shares worth N775.258 million in 2,675 deals, while third place was the Agriculture Industry, with a turnover of 93.904 million shares worth N1.250 billion in 2,517 deals.

The weekly report on transactions released on Friday in Lagos by the Exchange showed that a total turnover of 2.966 billion shares worth N31.508 billion in 42,482 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.872 billion shares valued at N132.811 billion that exchanged hands last week in 39,867 deals.

Trading in the top three equities namely Tantalizer Plc, Coronation Insurance Plc and Fidelity Bank Plc (measured by volume) accounted for 1.625 billion shares worth N3.908 billion in 1,814 deals, contributing 54.80% and 12.40% to the total equity turnover volume and value respectively.

According to the report, a total of 25,375 units valued at N5.583 million were traded this week in 81 deals compared with a total of 27,532 units valued at N4.950 million transacted last week in 90 deals.

In the Bonds section, A total of 116,571 units valued at N118.453 million were traded this week in 11 deals compared with a total of 135,910 units valued at N135.780 million transacted last week in 18 deals.

The NGX All-Share Index and Market Capitalization appreciated by 0.09% to close the week at 97,606.63 and N56.088 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX Main Board, NGX AFR Bank Value, NGX Consumer Goods, NGX Lotus II and NGX Industrial Goods which depreciated 0.28%, 1.12%, 1.25%, 0.16% and 0.13% respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.  ($1=N1625)

GIK/APA

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