BY KENNETH EZE
The Financial Services Industry put up a dominant performance on equity trading at the floor of the Nigerian Exchange Limited during the week ended October 15, 2021.
A weekly report transmitted to The Point electronically from the NGX, stated “The Financial Services Industry (measured by volume) led the activity chart with 2.428 billion shares valued at N26.442 billion traded in 13,884 deals; thus contributing 85.56 per cent and 83.54 per cent to the total equity turnover volume and value respectively.”
The dominant performance was traceable to three deposit money banks in which investors showed huge appetite for their equities during the week.
“Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Holding Company Plc and Ecobank Transnational Incorporated Plc (measured by volume) accounted for 1.834 billion shares worth N23.372 billion in 5,981 deals, contributing 64.61 per cent and 73.84 per cent to the total equity turnover volume and value respectively,” it added.
The second and third places went to the Consumer Goods and the Conglomerates respectively.
The Consumer Goods contributed 170.407 million shares worth N1.653 billion in 3,350 deals to occupy the second position.
The third place went to the Conglomerates Industry, which recorded a turnover of 68.996 million shares worth N133.382 million in 625 deals, according to the weekly report.
In summary, a total turnover of 2.838 billion shares worth N31.653 billion in 23,355 deals were traded during the week under review by investors on the floor of the Exchange, in contrast to a total of 2.179 billion shares valued at N21.963 billion that exchanged hands the previous week in 22,438 deals.
ETP
A total of 135,084 units valued at N2.041 million were traded in the week under review, in 17 deals compared with a total of 260 units valued at N5,362.50 transacted in the preceding week in 2 deals.
BONDS
A total of 19,603 units valued at N21.192 million were traded last week in 19 deals compared with a total of 62,005 units valued at N65.842 million transacted the week earlier, in 39 deals.
