UBA, First Bank, Zenith Bank lead active trading this week, as NSE All Share Index up 0.19%
WorldStage Newsonline-- Nigerian Stock Exchange recorded a turnover of 2.243 billion shares worth N19.359 billion in 23,053 deals this week, in contrast to a total of 2.449 billion shares valued at N20.742 billion exchanged last week in 16,960 deals.
The Banking subsector of the Financial Services sector was the most active during the week (measured by turnover volume) with 1.826 billion shares worth N15.987 billion exchanged by investors in 14,074 deals. The volume in the sector was driven by UBA Plc, First Bank of Nigeria Plc and Zenith Bank Plc. Trading in the shares of the three banks accounted for 959.483 million shares, representing 52.54per cent , 50.31per cent and 42.77per cent of the turnover recorded by the subsector, sector and total equities turnover for the week, respectively.
The Financial Services sector of the equities market accounted for 1.907 billion shares valued at N16.055 billion traded in 14,603 deals. The Consumer Goods Sector followed with 139.889 million shares valued at N2.204 billion traded in 3,546 deals.
Also traded during the week were 460 units of NewGold Exchange Traded Products (ETFs) valued at N1.140 million exchanged in 7 deals.
Insurance Index also appreciated by 2.20 points or 1.74per cent to close at 128.91 and the NSE Oil/Gas Index appreciated by 3.90 points or 2.01per cent to close at 198.22. However, the NSE-30 Index depreciated by 10.43 points or -1.00 per cent to close at 1,031.32 followed by the NSE Banking Index which also depreciated by 13.14 points or -3.81per cent to close at 332.02. The equities Market Capitalization depreciated from N7.228 trillion to N7.214 trillion.
There were transactions in the Federal Government development stocks with a recorded volume of 260 units valued at N242, 075 in 2 deals. However, there were no transactions in the State/Local Government Bonds and Corporate Bonds/Debentures Stocks sector.
On the price movement, the NSE All-Share Index (ASI) opened at 22,665.99 depreciating by -43.55 points or -0.19per cent to close on Friday at 22,622.44. Similarly, three of the NSE sectorial indices closed positive with NSE Consumer Goods Index appreciating by 7.09 points or 0.39per cent to close at 1,838.34; the NSE.
Twenty seven equities appreciated in prices during the week, lower than the fourteen of the preceding week. Mobil Oil Nigeria Plc led on the gainers’ table by 8.04per cent to close at N132.90 per share followed by Okomu Oil Palm Plc by 10.24 per cent gain to close at N36.39 per share.
Thirty one stocks depreciated in prices lower than the twelve of the preceding week. NCR (Nig) Plc led on the price losers’ table, dropping by -9.69per cent to close N13.80 per share while GlaxoSmithkline Consumer Nig Plc followed with a loss of N1.00 or – 5.00per cent to close at N19.00 per share.