Union Bank Grow NSE Equities Value to N13bn in four days

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Union Bank Nigeria Plc volume of shares traded by investors on the floor of the Exchange during the week lifted the Nigerian Stock Exchange NSE’s turnover to 1.656 billion shares from 894.759 million shares valued N12.580 billion from N10.629 billion in 12,860 from 13,418 deals in a four-day trading week as the Federal Government of Nigeria declared Monday 12th of December, 2016 as Public Holiday in commemoration of the Eid-el-Maulud Celebration.

The Union Bank plc, United Bank For Africa Plc and FCMB Group Plc equities respectively accounted for 865.701 million shares worth N3.370 billion in 999 deals, contributing 52.26% and 26.79% to the total equity turnover volume and value respectively.


The Financial Services Industry by volume led the activity chart with 1.504 billion shares valued at N6.183 billion traded in 7,311 deals; thus contributing 90.82% and 49.15% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 51.395 million shares worth N4.753 billion in 2,027 deals.

The third place was occupied by the Conglomerates Industry with a turnover of 46.282 million shares worth N52.408 million in 553 deals.

The NSE All-Share Index and Market Capitalization appreciated by 3.44% to close the week at 26,707.10 and N9.189 trillion respectively. Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance, NSE Consumer Goods and NSE Lotus II Indices that depreciated by 0.53%, 1.68%, and 0.46% respectively while the NSE ASeM Index closed flat

Summary of price changes shown Forty (40) equities appreciated in price during the week, higher than twenty-seven (27) equities of the previous week. Nineteen (19) equities depreciated in price, lower than thirty-six (36) equities of the previous week, while one hundred and sixteen (116) equities remained unchanged higher than one hundred and twelve (112) equities recorded in the preceding week.

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