Banks, consumer goods, conglomerates lift market
…as UBA, Access, FBN Holdings lead gainers
Activities of investors on the floor of the Nigerian Stock Exchange (NSE) for the week ended Friday, 27th October, 2017, showed that the banking, conglomerates and consumer sector appealed more to investors, lifting he week’s market turnover
.However, a total turnover of 1.394 billion shares worth N16.403bn in 19,195 deals were traded during the week by investors on the floor of the Exchange in contrast to a total of 872.892 million shares valued at N14.016bn that exchanged hands in the preceding week in 19,047 deals.
The Financial Services Industry measured by volume led the activity chart with 1.116 billion shares valued at N10.153bn traded in 9,942 deals; thus contributing 80.05 per cent and 61.90 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 95.005 million shares worth N3.251bn in 4,443 deals. The third place was occupied by Conglomerates Industry with a turnover of 90.194 million shares worth N645.159bn in 1,136 deals.
Trading in the top three equities namely, namely, the United Bank for Africa (UBA), Access Bank and FBN Holdings, measured by volume accounted for 515.058 million shares worth N4.458bn in 3,088 deals, contributing 36.95 per cent and 27.17 per cent to the total equity turnover volume and value respectively.
A total of 559 units of Federal Government’s Bonds valued at N485,802.83bn were traded this week in 5 deals, compared with a total of 7,279 units valued at N7.139bn transacted last week in 12 deals
The NSE’s All-Share Index depreciated by 0.34 per cent, while the Market Capitalization appreciated by 0.20 to close the week at 36,462.26 and N12.619 trillion respectively.
In addition, all other Indices finished lower during the week with the exception of the NSE ASeM, NSE Banking, NSE Lotus II and NSE Pension Indices that appreciated by 0.18 per cent, 0.84 per cent, 0.57 per cent and 0.76 per cent, respectively.
Also traded during the week were a total of 104,544 units of Exchange Traded Products (ETPs) valued at N11.506m executed in 7 deals, compared with a total of 34,573 units valued at N2.091 million transacted last week in 14 deals
The NSE’s equities price advancers table for the week showed that 33 equities appreciated in price during the week, higher than 23 of the previous week.
The decliners table also showed that 32 equities depreciated in price, lower than 34 equities of the previous week, while 106 equities remained unchanged lower than 114 equities recorded in the preceding week.
Stories by Bonny Amadi
