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Financial Services Industry dominates trading activity at Nigerian bourse

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Buhari cracks down on ‘illicit financial flows’

The Financial Services Industry led the activity chart on the floor of the Nigerian Stock Exchange (NSE) this week with 909.849 million shares valued at N12.765 billion and traded in 7,822 deals.

According to the weekly report of transactions released by the NSE on Friday in Lagos, the Consumer Goods Industry followed with 52.651 million shares worth N3.342 billion in 2,876 deals, while the third place was Oil and Gas Industry with a turnover of 36.318 million shares worth N674.243 million in 1,324 deals.

It added that trading in the Top Three Equities namely Zenith Bank Plc, Access Bank Plc and FBN Holdings Plc, accounted for 557.380 million shares worth N9.434 billion in 3,231 deals.

The report noted that a total turnover of 1.079 billion shares worth N18.196 billion in 14,372 deals were traded this week by investors in contrast to a total of 1.267 billion shares valued at N20.346 billion that exchanged hands last week in 15,088 deals.

A total of 4,065 units of the Exchange Traded Products (ETPs) valued at N17,357.55 were executed in 1 deal this week compared with a total of 15,168 units valued at N216.251 million that was transacted last week in 9 deals On the Bonds section, a total of 78,261 units of Federal Government Bonds valued at N78.378 million were traded this week in 61 deals compared with a total of 14,581 units valued at N14.472 million transacted last week in 34 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.23 per cent to close the week at 32,200.21 and N11.756 trillion respectively. Similarly, all other indices finished higher with the exception of the NSE Banking, NSE Insurance, NSE Industrial Goods and NSE Pension Indices that finished lower by 0.47 percent, 1.90 per cent, 3.81 per cent and 0.31 per cent respectively. ($1=N305)

– APA

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