The marginal increase in the value of Nigerian Stock Market value was buoyed by healthy activities in the banking sub sector which saw to N12. 9 billion for 1.375 billion shares, exchanged by investors in 16,915 deals.
Specifically, the financial services industry topped the activity chart with 1.195 billion shares valued at N8.631 billion traded in 10,365 deals; hence, contributing 86.90 per cent and 66.70 per cent to the total equity turnover volume and value respectively.
Trading in the top three equities namely – United Bank for Africa Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 559.065 million shares worth N2.452 billion in 3,690 deals, contributing 40.66 per cent and 18.95 per cent to the total equity turnover volume and value respectively.
Also traded during the week under review were a total of 57,828 units of Exchange Traded Products (ETPs) valued at N766,162.96 executed in 37 deals, compared with a total of 1,003 million units valued at N12.116 million transacted last week in 43 deals.
