Zenith, FBN Holdings and GTBank accounted 621.150m shares out of 1.478 bn shares turnover

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The management of the Nigerian Stock Exchange (The NSE) over the weekend released the data of transactions through its floor that showed the top three equities traded stood at 621.150 million shares worth N11.275 billion in 6,718 deals during the working week.According to the report the three most traded equities are, Zenith Bank Plc, FBN Holdings Plc and Guaranty Trust Bank Plc contributing 42.03% and 55.56% to the total equity turnover volume and value respectively.


The report disclosed that a total turnover of 1.478 billion volume of shares worth N20.295 billion in 23,263 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.561 billion shares valued at N26.073 billion that exchanged hands last week in 21,444 deals.


While the Financial Services industry led the activity chart with 1.199 billion volumes of shares valued at N13.728 billion traded in 15,183 deals; thus contributing 81.14% and 67.64% to the total equity turnover volume and value respectively. The Consumer Goods followed with 68.225 million shares worth N2.444 billion in 2,312 deals. The third place was Conglomerates industry, with a turnover of 60.095 million shares worth N242.213 million in 922 deals.



The number of exchange traded funds (ETPs)  stood at 3,840 units valued at N12.029 million were traded this week in 8 deals, compared with a total of 29,514 units valued at N7.781 million transacted last week in 14 deals.



“A total of 55,246 units of Federal Government Bonds valued at N63.094 million were traded this week in 15 deals, compared with a total of 24,014 units valued at N26.120 million transacted last week in 12 deals.



“The NSE All-Share Index and Market Capitalization depreciated by 2.69% and 1.61% to close the week at 28,067.09 and N14.618 trillion respectively. All other indices finished lower with the exception of NSE Insurance index which appreciated by 0.23% while NSE ASeM Index closed flat.

“Fifteen (15) equities appreciated in price during the week, lower than seventeen (17) equities in the previous week. Forty-nine (49) equities depreciated in price, higher than forty-four (44) equities in the previous week, while ninety-nine (99) equities remained unchanged, lower than one hundred and two (102) equities recorded in the preceding week.


The report stated that Abbey Mortgage Bank Plc listed additional 2,261,538,462 Ordinary Shares of 50 Kobo Each Offered By Way of Placement to VFD Group Plc at N1.05 2,261,538,462 ordinary shares of Abbey Mortgage Bank Plc (“Abbey Mortgage Bank” or “the Company”) were on, Thursday, 06 February 2020, listed on the Daily Official List of The Nigerian Stock Exchange.


The additional shares listed on The Exchange arose from Abbey Mortgage Bank’s placement of 2,261,538,462 ordinary shares of 50 kobo each at N1.05kobo per share to VFD Group Plc With this listing of the additional 2,261,538,462 ordinary shares, the total issued and fully paid up shares of Abbey Mortgage Bank Plc has now increased from 4,200,000,000 to 6,461,538,462 ordinary shares of 50 kobo each.

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