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NSE: GT Bank, Access Bank, others push equity volume up N13bn

NSE: GT Bank, Access Bank, others push equity volume up N13bn

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Chinwendu Obienyi

Trading in the Top Three Equities namely – Guaranty Trust Bank, Access Bank Plc and Zenith Bank Plc (measured by volume) accounted for 600.731 million shares worth N13.027 billion in 2,656 deals, contributing 43.84 and 66.80 per cent to the total equity turnover volume and value, respectively.

A total turnover of 1.370 billion shares worth N19.503 billion in 16,076 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 960.940 million shares valued at N18.329 billion that exchanged hands in the previous week in 16,896 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.077 billion shares valued at N14.846 billion traded in 9,527 deals; thus contributing 78.62 and 76.12 per cent to the total equity turnover volume and value respectively.

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The Services Industry followed with 78.255 million shares worth N351.507 million in 474 deals. The third place was Consumer Goods Industry with a turnover of 53.842 million shares worth N2.691 billion in 2,370 deals.

Specifically, the NSE All-Share Index (ASI) and Market Capitalisation appreciated by 0.66 per cent to close the week at 32,540.17 and N11.880 trillion respectively. Similarly, all other indices finished higher with the exception of the NSE ASeM, NSE Insurance and NSE Lotus indices that finished lower by 1.51, 4.90 and 0.26 per cent respectively.

As a result, the Month-to-Date and Year-to-Date returns improved to -6.62 and -14.91 per cent, respectively.

All major sectoral indices – Banking (+2.67 per cent), Oil & Gas (+2.60 per cent), Industrial Goods (+2.43 per cent) and Consumer Goods (+0.96 per cent) – closed in the green, save for the Insurance (-4.90 per cent) index.

Fifty (50) equities appreciated in price during the week, higher than thirteen (13) in the previous week. Twenty-five (25) equities depreciated in price, lower than fifty-eight (58) equities of the previous week, while ninety-four (94) equities remained unchanged lower than ninety-eight (98) equities recorded in the preceding week.

The post NSE: GT Bank, Access Bank, others push equity volume up N13bn appeared first on The Sun Nigeria.

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