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GTBank, Zenith, Access contribute 48.65% of equity value



The shares of Guaranty Trust Bank Plc , Zenith International Bank Plc and Access Bank Plc emerged the top three traded equities for last week, contributing 48.65 per cent of the total equity value traded.

Measured by volume, they accounted for 655.596 million shares worth N12.182bn in 4,881 deals, contributing 47.02 per cent to the total equity turnover volume as well, the Nigerian Stock Exchange data showed.

A total turnover of 1.394 billion shares worth N25.037bn in 23,133 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 1.518 billion shares valued at N28.868bn that exchanged hands in the penultimate week in 23,053 deals.

The financial services industry (measured by volume) led the activity chart with 1.185 billion shares valued at N15.073bn traded in 13,728 deals; thus contributing 84.99 per cent and 60.2 per cent to the total equity turnover volume and value, respectively.

The consumer goods industry followed with 90.576 million shares worth N7.384bn in 4,687 deals. The third place was occupied by the conglomerates industry with a turnover of 40.906 million shares worth N87.613m in 796 deals.

Also traded during last week were a total of 5,168 units of Exchange Traded Products valued at N65,570.28 executed in eight deals compared with a total of 2,461 units valued at N296,837.94 transacted last week in deals.

A total of 987 units of Federal Government bonds valued at N986,951.99 were traded last week in one deal, compared with a total of 9,615 units valued at N8.301m transacted the penultimate week in 21 deals.

The NSE All-Share Index and market capitalisation depreciated by 3.35 per cent to close the week at 36,920.56 and N12.726tn, respectively. Similarly, all other Indices finished lower during the week with the exception of the NSE ASeM Index that closed flat. (PUNCH)

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