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NSE’s 123 equities remain unchanged as two trading sessions record 377.798 million shares

sharesOne hundrend and twenty three equities remain unchanged last week as the Nigeria Stock Exchange (NSE) opened for two trading sessions.

The stock market opened for two trading sessions as the Federal Government declaredTuesday 5th, Wednesday 6th and Thursday 7th, 2016 as public holidays to observe the end of the Holy Month of Ramadan and Id-el-Fitr celebrations.

Meanwhile, a turnover of 377.798 million shares worth N3.641 billion in 7,466 deals were traded by investors on the floor of the Exchange in contrast to a total of 1.469 billion shares valued at N17.065 billion that exchanged hands in the previous  week in 21,246 deals.

According to information obtained from the NSE, the  Financial Services Industry (measured by volume) led the activity chart with 305.334 million shares valued at N2.011 billion traded in 4,260 deals; thus contributing 80.82% and 55.23% to the total equity turnover volume and value respectively.

The Oil And Gas Industry followed with 32.753 million shares worth N341.230 million in 1,029 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 16.258 million shares worth N635.951 million in 1,179  deals.

Trading in the Top Three Equities namely –FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc (measured by volume) accounted for 122.347 million shares worth N1.291 billion in 1,477 deals, contributing 32.38% and 35.47% to the total equity turnover volume and value respectively.

 

SOURCE: CITY BUSINESS NEWS

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