FBN Holdings, Guaranty Trust Bank and United Bank for Africa records 41.19% value N5.516bn out of N13.390 bn equities traded for the week

FBN Holdings Plc, Guaranty Trust Bank plc and United Bank for Africa (UBA) Plc according to trading from the top three equities by volume accounted for 420.921 million shares worth N5.516 billion in 3,430 deals, contributing 38.77% and 41.19% to the total equity turnover volume and value respectively.The overall total turnover stood at 1.086 billion shares worth N13.390 billion in 15,774 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 988.491 million shares valued at N13.839 billion that exchanged hands last week in 16,414 deals.

 

From the total turnover showed the Financial Services industry by volume led the activity chart with 829.468 million shares valued at N8.493 billion traded in 8,596 deals; thus contributing 76.41% and 63.42% to the total equity turnover volume and value respectively. The ICT Industry followed with 90.049 million shares worth N851.989 million in 658 deals while the Conglomerates Industry accounted for a turnover of 56.788 million shares worth N84.522 million in 731 deals.

 

The report also recorded no ETP traded during the week except a total of 1,115 units valued at N165,837 that were executed in 3 deals last week.

 

Also a total of 5,666 units of Federal Government Bonds valued at N5.847 billion were traded this week in 17 deals compared with a total of 756 units valued at N730,454.35 transacted last week in 7 deals.

The market barometer, NSE All-Share Index and Market Capitalization both recorded depreciated by 2.27% to close the week at 27,919.50 and N13.607 trillion respectively. Similarly, all other indices finished lower.

 

The equities market over recorded fifteen (15) equities appreciated in price during the week to eighteen (18) in the previous week. Also fifty-two (52) equities depreciated in price against thirty-nine (39) equities in the previous week, while one hundred and two (102) equities remained unchanged in contrast to one hundred and eleven (111) equities recorded in the preceding week.

 

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