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UBA, Zenith, GTB, Others Lift NSE’s Turnover By N26.4b

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Floor of Nigeria Stock Exchange.

Heavy transactions in the shares of some banks, especially United Bank For Africa Plc  (UBA) and Zenith Bank, last week, enhanced the volume of shares traded, as a turnover of 2.387 billion shares worth N26.381 billion were recorded in 28,072 deals by investors on the floor of the Exchange.

This volume of shares traded, was, however, higher than a total of 2.158 billion units valued at N20.394 billion that changed hands in 24,369 deals during the preceding week.

Specifically, at the close of trading last week, the financial services industry (measured by volume) led the activity chart with 1.951 billion shares valued at N16.832 billion traded in 17,226 deals; thus contributing 81.75 per cent and 63.80 per cent to the total equity turnover volume and value respectively.

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The conglomerates industry followed with 223.156 million shares worth N477.064 million in 1,461 deals. The consumer goods industry ranked third with a turnover of 91.705 million shares worth N6.253 billion in 4,433 deals.
Trading in the top three equities namely – United Bank For Africa Plc, Zenith International Bank Plc and Guaranty Trust Bank Plc. (measured by volume) accounted for 887.282 million shares worth N12.894 billion in 7,483 deals, contributing 37.17 per cent and 48.88 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 121,501 units of Exchange Traded Products (ETPs) valued at N90.716 million executed in 34 deals, compared with a total of 519,199 units valued at N6.582 million transacted in 42 deals during the preceding week.

A total of 9,439 units of Federal Government Bonds valued at N10.429 million were traded in 7 deals compared to a total of 4,170 units of Federal Government Bonds valued at N4.413 million transacted last week in 3 deals.

The NSE All-share index and market capitalisation appreciated by 4.79per cent to close the week at 30,649.66 and N10.527 trillion respectively.
Similarly, all other Indices finished higher during the week, with the exception of the NSE ASeM Index that closed flat.

40 equities appreciated in price during the week, lower than 44 equities of the previous week.  32 equities depreciated in price, higher than four equities of the previous week, while 108 equities remained unchanged lower than 40 equities appreciated in price during the week, lower than 44 equities of the previous week.

32 equities depreciated in price, higher than twenty-four (24) equities of the previous week, while 108 equities remained unchanged lower than 112 equities recorded in the preceding week.

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