BY KENNETH EZE
In a rare demonstration of investors hunt for value, the natural resources industries made its way to the top ranking on the trading charts of the NGX last week.
A total turnover of 1.610 billion shares worth N12.586 billion in 18,622 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 989.593 million shares valued at N8.183 billion that exchanged hands the week before last in 19,617 deals.
The Financial Services Industry (measured by volume) led the activity chart with 584.793 million shares valued at N3.728 billion traded in 8,658 deals; thus contributing 36.32 per cent and 29.62 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 525.860 million shares worth N3.655 billion in 3,553 deals.
The third place was Natural Resources Industry, with a turnover of 250.928 million shares worth N1.376 billion in 72 deals.
Trading in the top three equities namely Honeywell Flour Mill Plc, B.O.C. Gases Plc and Flour Mills Nig. Plc (measured by volume) accounted for 724.067 million shares worth N 3.909 billion in 1,061 deals, contributing 44.97 per cent and 31.06 per cent to the total equity turnover volume and value respectively.
ETP
A total of 28,938 units valued at N949,074.38 were traded last week in 13 deals compared with a total of 17,550 units valued at N34.012 million transacted the previous week in 36 deals.
BONDS
A total of 139,062 units valued at N139.702 million were traded during the week under review in 19 deals compared with a total of 702,021 units valued at N709.343 million transacted in the preceding week in 17 deals.
