Conglomerates, finance, consumer goods stocks boost equities turnover

…As profit taking persists

Investors appetite for higher returns lifted activities in the conglomerates sector for the week ended Friday 26th January 2018 to emerge the most traded stocks.

The Conglomerates Industry (measured by volume) led the activity chart with 4.110 billion shares valued at N10,016bn traded in 2,454 deals; thus contributing 57.43% and 23.54% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 2.757 bn shares worth N25.398 bn in 25,853 deals.

The third place was occupied by Consumer Goods Industry with a turnover of 156.224 million shares worth N5.304 bn in 5,875 deals.

Trading in the Top Three Equities namely – Transnational Corporation of Nigeria Plc, FCMB Group

Plc and Skye Bank Plc (measured by volume) accounted for 4.786 billion shares worth N11.341bn in 5,216 deals, contributing 66.86% and 26.66% to the total equity turnover volume and value respective

Meanwhile, a total l turnover of 7.157 billion shares worth N42.545bn in 39,037 deals were traded during the week by investors on the floor of the Exchange in contrast to a total of 5.011 billion shares valued at N45.816bn that exchanged hands in the preceding week in 44,569 deals.

Also traded during the week were a total of 153,755 units of Exchange Traded Products (ETPs) valued at N1.883 million executed in 11 deals, compared with a total of 1.947 million units valued at N105.567 m that was transacted last week in 15 deals.

A total of 6,715 units of Federal Government Bonds valued at N5.318m were traded this week in 15 deals, compared with a total of 4,437 units valued at N4.260m transacted last week in 9 deals.

The NSE All-Share Index and Market Capitalization depreciated by 2.93% and 2.87% to close the week at 43,773.76 and N15.692 trillion , respectively.

Similarly, all other indices finished lower during the week with the exception of the NSE Consumer Goods and NSE Oil/Gas Indices that appreciated by 2.15% and 0.08% respectively while the NSE ASeM Index closed flat

A total of 6,715 units of Federal Government Bonds valued at N5.318 million were traded this week in 15 deals, compared with a total of 4,437 units valued at N4.260m transacted last week in 9 deals.

Stories by Bonny Amadi