Zenith Bank, Access Bank, UBA Accounts for 543.758m Shares; Contributing 30.81% to total equity turnover volume

The management of the Nigerian Stock Exchange (The NSE) for the weekend on Friday, April 6, 2018 published the trading data showed the Top Three Equities namely – Zenith International Bank Plc, Access Bank Plc and United Bank for Africa Plc by volume, accounted for 543.758 million shares worth N9.739 billion in 3,533 deals, representing 30.81% and also contributing 36.66% to the total equity both in volume and value respectively.

Therefore, the Financial Services Industry also by volume top the activity chart with 1.468 billion shares valued at N18.707 billion traded in 12,850 deals; thus contributing 83.18% and 70.43% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 127.882 million shares worth N623.871 million in 971 deals. While the Consumer Goods industry with a turnover of 69.868 million shares worth N6.189 billion in 2,930deals.

The above mentioned figures came from four-day trading week, as the Federal Government of Nigeria declared Monday, 2nd of April 2018 as a public holiday for the Easter celebrations. As a results, a total turnover of 1.765 billion shares worth N26.562 billion in 20,265 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.328 billion shares valued at N28.927 billion that exchanged hands last week in 25,530 deals.

“Also traded during the week were a total of 125,282 units of Exchange Traded Products (ETPs) valued at N2.835 million executed in 11 deals, compared with a total of 15,293 units valued at N254,840.00 that was transacted last week in 16 deals.

“A total of 4,457 units of Federal Government Bonds valued at N4.247 million were traded this week in 13 deals, compared with a total of 21,583 units valued at N22.868 million transacted last week in 16 deals.

“The NSE All-Share Index and Market Capitalization depreciated by 1.60% to close the week at 40,841.14 and N14.753 trillion respectively. Similarly, all other indices finished lower during the week

The total of equities traded on the floor of the NSE stood at 72 stocks. While nineteen (19) of the equities that traded appreciated in price during the week, lower than forty (40) of the previous week. But Fifty-three (53) of equities that also traded depreciated in price, higher than forty (40) equities of the previous week, leaving ninety-nine (99) equities’ price unchanged which is higher than ninety-one (91) equities recorded in the preceding week.

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