Investors stake N4.458b on UBA, Access Bank, FBN Holdings in five days

For the week ended October 27, 2017, trading in the shares of United Bank for Africa (UBA) Plc, Access Bank Plc and FBN Holdings Plc accounted for 515.058 million shares worth N4.458 billion in 3,088 deals.

  Trading in the shares on the floor of Nigerian Stock Exchange (NSE) contributed 36.95% and 27.17% to the total equity turnover volume and value respectively.

   At the end of transactions for the week, the Financial Services Industry (measured by volume) led the activity chart with 1.116 billion shares valued at N10.153 billion traded in 9,942 deals; thus contributing 80.05% and 61.90% to the total equity turnover volume and value respectively.

  The Consumer Goods Industry followed with 95.005 million shares worth N3.251 billion in 4,443 deals.

  The third place was occupied by Conglomerates Industry with a turnover of 90.194 million shares worth N645.159 million in 1,136 deals.

   Meanwhile, a total turnover of 1.394 billion shares worth N16.403 billion in 19,195 deals were traded within the week by investors on the floor of the Exchange in contrast to a total of 872.892 million shares valued at N14.016 billion that exchanged hands in the previous week in 19,047 deals.

   Also traded during the week were a total of 104,544 units of Exchange Traded Products (ETPs) valued at N11.506 million executed in 7 deals compared with a total of 34,573 units valued at N2.091 million transacted last week in 14 deals.

  Information obtained from the Nigerian Stock Exchange indicates that a total of 559  units of Federal Government Bonds valued at N485,802.83 were traded during the week in 5 deals, compared with a total of 7,279 units valued at N7.139 billion transacted in the previous week in 12 deals.

 The NSE All-Share Index depreciated by 0.34% while  the Market Capitalization appreciated by 0.20 to close the week at 36,462.26 and N12.619 trillion respectively.

  In addition, all other Indices finished lower during the week with the exception of the NSE ASeM, NSE Banking, NSE Lotus II and NSE Pension Indices that appreciated by 0.18%,0.84%, 0.57% and 0.76% respectively.

  Thirty-three (33) equities appreciated in price during the week, higher than twenty-three (23) of the previous week.

  Thirty-two (32) equities depreciated in price, lower than thirty-four (34) equities of the previous week, while one hundred and six (106) equities remained unchanged lower than one hundred and fourteen (114) equities recorded in the preceding week.

Post Author: Friday Ekeoba