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Fidelity, FBN, Zenith lift equity volume

Fidelity, FBN, Zenith lift equity volume
Trading on the floor of The Nigerian Stock Exchange last week showed that transaction in the top three equities namely Fidelity Bank Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 292.363 million shares worth N1.128 billion in 2,485 deals, contributing 37.18 per cent and 19.35 per cent to the total equity turnover volume and value respectively.
 
A total turnover of 786.176 million shares worth N5.828 billion in 14,343 deals were traded the week ended by investors on the floor of the Exchange in contrast to a total of 3.195 billion shares valued at N104.217billion that exchanged hands penultimate week in 14,674 deals.
 
The Financial Services Industry (measured by volume) led the activity chart with 557.911 million shares valued at N2.669 billion traded in 7,340 deals; thus contributing 70.97 per cent and 45.79 per cent to the total equity turnover volume and value respectively.
 
The Consumer Goods Industry followed with 70.255 million shares worth N1.556 billion in 2,698 deals. The third place was occupied by Services Industry with a turnover of 50.558 million shares worth N70.773 million in 754 deals.
 
Also traded during the week were a total of 1,510 units of Exchange Traded Products (ETPs) valued atN4,113.20 executed in three deals compared with a total of 52,885 units valued at N425,464.25 transacted the previous week in 19 deals
 
A total of 11,064 units of Federal Government Bonds valued at N10.256 million were traded this week in 21 deals, compared with a total of 2,870 units valued at N2.638million transacted the preceding week in 7 deals.
 
Further analysis signified that the All-Share Index and Market Capitalization appreciated by 0.90 per cent to close the week at 25,746.52and N8.909 trillion respectively.
 
Similarly, all other Indices finished higher during the week with the exception of the NSE Banking Index which depreciated by 0.20 per cent while the NSE ASeM Index closed flat. - The Authority

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