FBN Holdings, FCMB Group and Zenith Bank Top Equities Trades On NSE

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The management of the Nigerian Stock Exchange (NSE) at the end of five (5) days this week of trading eneded May 12 disclosed that FBN Holdings Plc, FCMB Group Plc and Zenith International Bank Plc comes top three equities measured by volume accounted for 1.419 billion shares worth N8.185 billion in 5,117 deals, contributing 43.59% and 28.48% to the total equity turnover volume and value respectively.

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Also a total turnover of 3.255 billion shares worth N28.738 billion in 25,370 deals were traded by investors on the floor of the Exchange in contrast to a total of 1.154 billion shares valued at N10.439 billion that exchanged hands last week in 16,676 deals. The Financial Services Industry (measured by volume) led the activity chart with 2.716 billion shares valued at N17.230 billion traded in 15,103 deals; thus contributing 83.42% and 59.96% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 185.750 million shares worth N6.596 billion in 3,817 deals. The third place was occupied by Conglomerates Industry with a turnover of 156.010 million shares worth N385.427 million in 1,340 deals.

Also traded during the week were a total of 948 units of Exchange Traded Products (ETPs) valued at N16,591.16 executed in 14 deals compared with a total of 20 units valued at N110,000.00 transacted last week in 1 deal

While a total of 5,201 units of Federal Government Bonds valued at N5.400 million were traded this week in 3 deals, compared with a total of 1,582 units valued at N1.608 million transacted last week in 10 deals.

In the same vein; the NSE All-Share Index and Market Capitalization appreciated by 7.46% to close the week at 28,192.46 and N9.746 trillion respectively. Similarly, all other Indices finished higher during the week with the exception the NSE ASeM Index that closed flat.

The data also showed fifty-seven (57) equities appreciated in price during the week, higher than forty-three (43) equities of the previous week. Thirteen (13) equities depreciated in price, lower than sixteen (16) equities of the previous week, while one hundred and three (103) equities remained unchanged lower than one hundred and fourteen (114) equities recorded in the preceding week.


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