FCMB, Diamond Bank, FBN emerge top-traded stocks last week

FCMB Group Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 659.042 million shares worth ₦1.312bn in 1,933 deals, thus emerging as the top three traded equities for last week.

The three financial institutions contributed 44.14 per cent and 8.69 per cent to the total equity turnover volume and value, respectively, the Nigerian Stock Exchange said in its weekly report.

It was a four-day trading last week as the Federal Government declared October 2 as a public holiday in commemoration of the 57th Independence Day of the country.

Meanwhile, a total turnover of 1.493 billion shares worth ₦15.107bn in 14,549 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 1.326 billion shares valued at ₦14.086bn that exchanged hands the penultimate week in 14,703 deals.

The financial services industry (measured by volume) led the activity chart with 1.288 billion shares valued at ₦10.121bn traded in 8,334 deals; thus contributing 86.30 per cent and 66.99 per cent to the total equity turnover volume and value, respectively.

The consumer goods industry followed with 89.259 million shares worth ₦3.154bn in 2,760 deals. The third place was occupied by conglomerates industry with a turnover of 49.361 million shares worth ₦113.737m in 491 deals.

Also traded last week were a total of 2,000 units of Exchange Traded Products valued at ₦34,000 executed in one deal compared with a total of 274 units valued at ₦636,147.90 transacted the penultimate week in 18 deals.

A total of 2,360 units of the Federal Government bonds valued at ₦2.029m were traded last week in seven deals, compared with a total of 7,424 units valued at ₦6.689m transacted the penultimate week in 18 deals.

The NSE All-Share Index and market capitalisation appreciated by 2.49 per cent and 2.34 per cent to close the week at 36,320.93 and ₦12.502tn, respectively. Similarly, all other indices finished higher during the week with the exception of the NSE insurance index that depreciated by 1.21 per cent while the NSE ASeM index closed flat.

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