The Top Three Equities during the week resulted from Guaranty Trust Bank Plc (GTB), Zenith Bank Plc and Transnational Corporation of Nigeria Plc accounted for 303.101 million shares by volume, worth N5.404 billion in 2,842 deals, contributing 41.71% and 51.67% to the total equity turnover volume and value respectively.
The weekly traded for the week ended on August 16, 2019 showed a total turnover of 726.607 million shares worth N10.459 billion in 12,915 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.081 billion shares valued at N12.014 billion that exchanged hands last week in 16,246 deals.
“It was a brief trading week as the market opened for three days in observance of the public holidays (Monday 12th and Tuesday 13th August 2019) declared by the Federal Government of Nigeria to mark the Eid-El-Kabir celebrations.
“The Financial Services industry (measured by volume) led the activity chart with 554.910 million shares valued at N6.499 billion traded in 8,376 deals; thus contributing 76.37% and 62.14% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 76.161 million shares worth N86.854 million in 621 deals. While Consumer Goods industry recorded a turnover of 29.783 million shares worth N754.919 million in 1,855 deals.
“A total of 1,292 units valued at N15,283.55 were traded this week in 7 deals compared with a total of 36,011 units valued at N495,359.07 transacted last week in 13 deals.
“A total of 4,009 units of Federal Government Bonds valued at N4.111 million were traded this week in 16 deals compared with a total of 18,100 units valued at N20.049 million transacted last week in 8 deals.
“The NSE All-Share Index and Market Capitalization both depreciated by 1.40% to close the week at 26,925.29 and N13.121 trillion respectively. Similarly, all other indices finished lower with the exception of NSE Premium Index which appreciated by 0.64%.
During the working week, Fifteen (15) equities appreciated in price during the week, higher than Twelve (12) equities in the previous week. Thirty-four (34) equities depreciated in price, lower than Forty-three (43) equities in the previous week, while one hundred and nineteen (119) equities remained unchanged, higher that one hundred and thirteen (113) equities recorded in the preceding week.