Investors Stake N6.1b On Union Diagnostic, Zenith Bank, Access Bank In One Week

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For the week ended December 21, 2018, investors on the floor of Nigerian Stock Exchange (NSE) staked N6.053 billion on 619.444 million shares of Union Diagnostic & Clinical Services Plc, Zenith Bank Plc, and Access Bank Plc.

 At the end of transactions for the week, the three equities contributed 42.09 per cent and 32.41 per cent to the total equity turnover volume and value respectively.

 Meanwhile, a total turnover of 1.472 billion shares worth N18.678 billion in 15,610 deals were traded during the week by investors in contrast to a total of 1.169 billion shares valued at N14.762 billion that exchanged hands in the previous week in 14,554 deals.

 The Financial Services Industry when measured by volume led the activity chart with 918.303 million shares valued at N11.015 billion traded in 9,154 deals; thus contributing 62.40% and 58.98% to the total equity turnover volume and value respectively.

 The Healthcare Industry followed with 280.722 million shares worth N78.511 million in 259 deals.

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 According to information made available by Nigerian Stock Exchange (NSE), the third place was Industrial Goods Industry with a turnover of 108.712 million shares worth N 2.949 billion in 1,496 deals.

 Also traded during the week were a total of 880,145 units of Exchange Traded Products (ETPs) valued at N6.742 million executed in 5 deals compared with a total of 316 units valued at N849,000 that was transacted in the previous  week in five deals.

  In a related development, a total of 14,068 units of Federal Government Bonds valued at N12.701million were traded during the week in 23 deals compared with a total of 10,934 units valued at N10.746 million transacted in the previous week in 31 deals

 The NSE All-Share Index and Market Capitalization appreciated by 0.33% to close the week at 30,773.64 and N11.241 trillion respectively.

Similarly, all other indices finished higher with the exception of the NSE CG and NSE Banking Indices that depreciated by 0.05% and 2.20% respectively while the NSE ASeM index closed flat.

Forty-nine (49) equities appreciated in price during the week, higher than thirty-four (34) in the previous week.

 Twenty-three (23) equities depreciated in price, lower than thirty-seven (37) of the previous week, while ninety-seven (97) equities remained unchanged lower than ninety-eight (98) equities recorded in the preceding week.

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