Activities in the banking sub sector on the Nigerian Stock Exchange, NSE, last week, boosted market value to record N12. 9 billion for 1.375 billion shares, which was exchanged by investors in 16,915 deals. Specifically, the financial services industry (measured by volume) led the activity chart with 1.195 billion shares valued at N8.631 billion traded in 10,365 deals; thus contributing 86.90 per cent and 66.70 per cent to the total equity turnover volume and value respectively. The conglomerates industry followed with 76.489 million shares worth N154.736 million in 964 deals. The third place was occupied by the consumer goods industry with a turnover of 38.048 million shares worth N1.768 billion in 2,676 deals. Trading in the top three equities namely – United Bank for Africa Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 559.065 million shares worth N2.452 billion in 3,690 deals, contributing 40.66 per cent and 18.95 per cent to the total equity turnover volume and value respectively. Also traded during the week under review were a total of 57,828 units of Exchange Traded Products (ETPs) valued at N766,162.96 executed in 37 deals, compared with a total of 1,003 million units valued at N12.116 million transacted last week in 43 deals. (See summary in the table below): On the bond segment, a total of 3,127 units of Federal Government Bonds valued at N3.057 million were traded in six deals compared to a total of 4,044 units of Federal Government Bonds valued at N4.062 million transacted penultimate week in 6 deals. The NSE All-Share Index and market capitalization appreciated by 1.48 per cent to close the week at 27,650.32 and N9.496 trillion respectively. Similarly, all other Indices finished higher during the week, with the exception of the NSE Insurance and NSE Oil and Gas Indices that shed 1.19 per cent and 3.44 per cent respectively while the NSE ASeM Index closed flat. Twenty-five (25) equities appreciated in price during the week under review, higher than eighteen (18) equities of the penultimate week. Thirty-nine (39) equities depreciated in price, higher than thirty-eight (38)) equities of the penultimate week, while one hundred and sixteen (116) equities remained unchanged lower than one hundred and twenty-four (124) equities recorded in the penultimate week.


August 22th 2016