Fidelity Bank, Diamond Bank, others boosts NSE’s turnover by N9b

images (1)Volume of shares traded by some banks, especially Fidelity Bank Plc and Diamond Bank, last week, lifted the volume of shares traded at the NSE, as a turnover of 1.117 billion shares worth N9.041 billion was recorded in 16,482 deals by investors on the floor of the Exchange.

This volume of shares traded, was, however, higher than a total of 4.319 billion units, worth N7.376 billion that changed hands in 9,330 deals during the preceding week.
Specifically, the financial services industry (measured by volume) led the activity chart with 903.696 million shares valued at N3.336 billion in 9,240 deals; thus contributing 80.88 per cent and 36.90 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 67.147 million shares worth N109.014 million in 609 deals.The consumer goods industry ranked third with a turnover of 59.710 million shares worth N4.002 billion in 2,686 deals.
Trading in the top three equities namely – Fidelity Bank Plc, Omoluabi Savings and Loans Plc and Diamond Bank Plc (measured by volume) accounted for 299.270 million shares worth N277.933 million in 1,029 deals, contributing 26.79 per cent and 3.07 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 2,443 units of Exchange Traded Products (ETPs) valued at N730,619.05 executed in 23 deals, compared with a total of 55 units valued at N505.65 transacted last week in 11 deals.
A total of 5,200 units of Federal Government Bonds valued at N5.004 million were traded this week in five deals, compared with the 5,100 units valued at N5.120 million transacted last week in two deals.
The NSE All-share index and market capitalisation appreciated by 0.28 per cent to close the week at 26,325.93 and N9.058 trillion respectively.Similarly, all other Indices finished higher during the week.
About 31 equities appreciated in price during the week, higher than 18 equities of the previous week. However, 34 equities depreciated in price, higher than 31 equities of the previous week, while 110 equities remained unchanged lower than 126 equities recorded in the preceding week.

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