Fidelity, Diamond, Others increase NSE’s Turnover By N9b

By Ikenga Chronicles January 16, 2017
Transactions in banks such as Fidelity Bank Plc, and Diamond Bank increased the volume of shares traded with a turnover of 1.117 billion shares worth N9.041 billion recorded in 16,482 deals.
This is however a lift in the 4.319 billion units, worth N7.376 billion traded during the preceding week on the floor of the Nigeria Stock Exchange.
A breakdown shows that the financial service industry contributed the most with 903.696 million shares valued at N3.336 billion in 9,240 deals amounting to 80.88 per cent and 36.90 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 67.147 million shares worth N109.014 million in 609 deals. The consumer goods industry ranked third with a turnover of 59.710 million shares worth N4.002 billion in 2,686 deals.
Also, trading in Fidelity Bank Plc, Omoluabi Savings and Loans Plc and Diamond Bank Plc (measured by volume) accounted for 299.270 million shares worth N277.933 million in 1,029 deals, contributing 26.79 per cent and 3.07 per cent to the total equity turnover volume and value respectively.
A total of 2,443 units of Exchange Traded Products (ETPs) valued at N730,619.05 executed in 23 deals were also traded during the week, compared with a total of 55 units valued at N505.65 transacted last week in 11 deals.
The NSE All-share index and market capitalisation appreciated by 0.28 per cent to close the week at 26,325.93 and N9.058 trillion respectively.
Meanwhile, all  other Indices finished higher during the week except the NSE-Main Board, NSE Insurance, NSE Consumer Goods, NSE Oil/Gas and NSE Lotus II indices that depreciated by 0.39 per cent, 0.34 per cent, 1.82 per cent, 3.15 per cent and 1.87 per cent respectively.
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