Investors Stake N4.2B On Zenith Bank, Medview Airline, Sterling Bank In Five Days

By ebosele@hotmail.com –

For the week ended July 20^th, 2018, investors on the floor of Nigeria Stock Exchange (NSE) staked N4.209 Billion on the shares of Sterling Bank Plc, Medview Airline Plc and Zenith International Bank Plc.

Transactions in the three equities when measured by volume accounted for 719.386 million shares worth N4.209 billion in 1,961 deals, contributing 43.20% and 28.38% to the total equity turnover volume and value respectively.

At the end of transactions for the week on Friday, total turnover of 1.665 billion shares worth N14.834 billion in 18,795 deals were traded by investors on the floor of the Exchange in contrast to a total of 1.219 billion shares valued at N17.333 billion that exchanged hands in the previous week in 17,362 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.056 billion shares valued at N10.224 billion traded in 10,056 deals; thus contributing 63.45% and 68.93% to the total equity turnover volume and value respectively.

The Services Industry followed with 264.289 million shares worth N549.693 million in 592 deals.

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The third place was occupied by Conglomerates Industry with a turnover of 134.374 million shares worth N199.566 million in 1,286 deals.

Also traded during the week were a total of 340 units of Exchange Traded Products (ETPs) valued at N33,660.20 executed in 6 deals, compared with a total of 79,304 units valued at N1.491 million that was transacted last week in 18 deals.

Meanwhile, the NSE All-Share Index and Market Capitalization depreciated by 2.11% to close the week at 36,603.44 and N13.260 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE Insurance Index that appreciated by 0.08%.

Sixteen (16) equities appreciated in price during the week, lower than twenty-one (21) in the previous week. Fifty-nine (59) equities depreciated in price, higher than fifty-five (55) equities of the previous week, while ninety-four (94) equities remained unchanged higher than ninety-three (93) equities recorded in the preceding week.