The banking industry dominated the Nigerian stock trading floor for the week ended Friday May 18, 2018 with the Zenith Bank International Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc came top three of the equities that traded by volume, accounted for 491.649 million shares worth N14.159 billion in 3,265 deals, contributing 33.75% and 59.83% to the total equity turnover volume and value respectively
“Of the week under review, a total turnover of 1.457 billion shares worth N23.666 billion in 19,674 deals was traded by investors through the floor of the Exchange as against a total of 1.586 billion shares valued at N25.992 billion that exchanged hands last week in 21,115 deals.”
The overall showed the Financial Services Industry top others by volume with 1.223 billion shares valued at N16.825 billion traded in 11,092 deals; therefore, contributing 83.98% and 71.093% to the total equity turnover volume and value respectively.
“The Consumer Goods Industry followed with 76.430 million shares worth N5.188 billion in 3,425 deals.
While the Oil and Gas Industry recorded a turnover of 57.193 million shares worth N527.880 million in 2,237 deals.
“Also traded during the week were a total of 153,246 units of Exchange Traded Products (ETPs) valued at N4.009 million executed in 22 deals, compared with a total of 444,190 units valued at N2.514 million that was transacted last week in 11 deals.
“A total of 7,508 units of Federal Government valued at N7.506 million were traded this week in 12 deals, compared with a total of 7,647 units valued at N8.047 million transacted last week in 30 deals.
“The NSE All-Share Index and Market Capitalization depreciated by 1.34% to close the week at 40,472.45 and N14.660 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE Consumer Goods Index which appreciated by 0.03%, while the NSE ASeM Index closed flat
“The transactions record shown twenty (20) equities appreciated in price during the week, higher than thirty-five (35) in the previous week. Fifty-four (54) equities depreciated in price, higher than forty-nine (49) equities of the previous week, while Ninety-five (95) equities remained unchanged higher than eighty-five (85) equities recorded in the preceding week.