Investors stake N3.8b on three banks in one week

By Moses Ebosele – 
 For the week ended July 15, 2016, transactions in FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc accounted for 353.999 million shares worth N3.867 billion in 4,188 deals.
  At the end of the week, trading in the three equities contributed 30.80% and 28.40% to the total equity turnover volume and value respectively.
Indeed, the financial service industry (measured by volume) led the activity chart with 868.827 million shares valued at N6.110 billion traded in 13,046 deals; thus contributing 75.59% and 44.87% to the total equity turnover volume and value respectively.
    Generally, the market recorded a turnover of 1.149 billion shares worth N13.616 billion in 21,868 deals traded by investors on the floor of the Exchange in contrast to a total of 377.798 million shares valued at N3.641 billion that exchanged hands in the previuos week in 7,466 deals.
According to information obtained from the NSE, conglomerates Industry followed the financial sector with 103.304 million shares worth N272.848 million in 1,111 deals.
  The third place was occupied by the Consumer Goods Industry with a turnover of 66.743 million shares worth N3.501 billion in 3,368 deals.
   Meanwhile, twenty-two (22) equities appreciated in price during the week, higher than nine (9) equities of the previous week.
  Thirty-eight (38) equities depreciated in price, lower than forty-eight (48) equities of the previous week, while one hundred and twenty (120) equities remained unchanged lower than one hundred and twenty-three (123) equities recorded in the preceding week.
   Also traded during the week were a total of 941 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 22 deals, compared with a total of 35 units valued at N374.00 transacted in the previous week.
 Within the week under, the NSE All-Share Index and market capitalisation depreciated by 0.17 per cent  to close the week at  28,805.45 and N9.893 trillion respectively.
  Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE 30 Index, NSE Consumer Goods Index and the NSE Industrial Goods Index that gained 0.11 per cent, 0.17%, 0.95% and 1.46% respectively. Mainwhile the NSE ASeM Index closed flat. (See summary of Index movements in the table below):
The NSE All-Share Index and Market Capitalization depreciated by 0.17% to close the week at 28,805.45 and N9.893 trillion respectively. Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE 30 Index, NSE Consumer Goods Index and the NSE Industrial Goods Index that gained 0.11 per cent, 0.17 per cent, 0.95 per cent and 1.46 per cent respectively.
*Contact Editor through Citybusinessnews@yahoo.co.uk