Business
FCMB, Zenith Bank, FBN Holdings most traded as stocks index leaps
The Nigerian Stock Exchange (NSE) All Share Index (ASI) posted a growth of 7.46 percent at the weekend, extending gains to the third straight week.
The NSE All-Share Index and Market Capitalization closed the week at 28,192.46 and N9.746 trillion respectively as all other Indices finished higher during the week with the exception the NSE ASeM Index that closed flat.
57 equities appreciated in price during the week, higher than 43 equities of the previous week. 13 equities depreciated in price, lower than 16 equities of the previous week, while 103 equities remained unchanged lower 114 equities recorded in the preceding week.
Top Three traded Equities by volume were FBN Holdings Plc, FCMB Group Plc and Zenith International Bank Plc. They accounted for 1.419 billion shares worth N8.185 billion in 5,117 deals, contributing 43.59% and 28.48% to the total equity turnover volume and value respectively.
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A total turnover of 3.255 billion shares worth N28.738 billion in 25,370 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.154 billion shares valued at N10.439 billion that exchanged hands last week in 16,676 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.716 billion shares valued at N17.230 billion traded in 15,103 deals; thus contributing 83.42% and 59.96% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 185.750 million shares worth N6.596 billion in 3,817 deals. The third place was occupied by Conglomerates Industry with a turnover of 156.010 million shares worth N385.427 million in 1,340 deals.
Also traded during the week were a total of 948 units of Exchange Traded Products (ETPs) valued at N16,591.16 executed in 14 deals compared with a total of 20 units valued at N110,000.00 transacted last week in 1 deal.
A total of 5,201 units of Federal Government Bonds valued at N5.400 million were traded this week in 3 deals, compared with a total of 1,582 units valued at N1.608 million transacted last week in 10 deals.
