Investors Stake 782.5 Million Banking Shares In One Week

Investors Stake 782.5 Million Banking Shares In One Week
Oladejo Amos
Stocks in the basket of financial services industry recorded highest volumes of trades on the Nigerian Stock Exchange last week, leading the activity chart with 782.476 million shares valued at N4.114 billion traded in 10,477 deals.
The volumes of trades contributed 81.51 per cent and 52.27 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 59.433 million shares worth N99.619 million in 762 deals. The third place was occupied by the consumer goods industry with a turnover of 46.553 million shares worth N2.833 billion in 2,703 deals.
In all, a turnover of 959.917 million shares worth N7.871 billion in 17,561 deals were traded during the week by investors, compared to a total of 1.263 billion shares valued at N11.583 billion that exchanged hands the preceding week in 17,434 deals.
Trading in the shares of United Bank For Africa Plc, FBN Holdings Plc and Access Bank Plc measured by volume accounted for 288.689 million shares worth N1.275 billion in 3,854 deals, contributing 30.07 per cent and 16.20 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 78,666 units of Exchange Traded Products valued at N866,656.30 executed in 25 deals, compared with a total of 6,500 units valued at N117,637.20 transacted the preceding week in 24 deals.
In the bond market, a total of 4,725 units of Federal Government Bonds valued at N5.266 million were traded in three deals compared to a total of 151,970 units of Federal Government and Corporate Bonds valued at N170.962 million transacted the previous week in five deals.
On the whole, the All-Share Index and market capitalization depreciated by 1.45 per cent to close the week at 27,232.62 and N9.353 trillion respectively.
Similarly, all other indices finished lower during the week, with the exception of the NSE ASeM Index, NSE Insurance Index and the NSE Oil/Gas Index that rose by 0.25 per cent, 1.71 per cent and 1.97 per cent respectively.
Leading the price gainers’ table was Unity Bank Plc with 28 kobo or 30.43 per cent to close at N1.20 per share, followed by NEM Insurance Plc with 19 kobo or 24.68 per cent to close at 96 kobo per share.
Union Dicon Salt Plc added N1.95 or 15.69 per cent to close at N14.38 per share, while Neimeth International Plc rose 11 kobo or 13.92 per cent to close at 90 kobo per share.
On the flip side, Cadbury Nigeria Plc shed N1.99 or 9.71 per cent to close at N18.51 per share, while Airline Services and Logistics Plc depreciated 18 kobo or 9.38 per cent to close at N1.74 per share.
United Bank for Africa Plc dropped 43 kobo or 9.11 per cent to close at N4.29 per share, while GlaxoSmithkline Consumer Nigeria Plc fell N1.79 or 8.95 per cent to close at N18.21 per share.