Nigerian BanksTrading on the floor of the Nigeria Stock Exchange(NSE) closed with the NSE All-Share Index and Market Capitalization appreciated by 0.93% to close on Friday at 41,049.28 and N13.554 trillion respectively.

Consequently, five indices appreciated during the week with the exception of the NSE banking Index (-1.26%) and NSE Oil/Gas Index (-4.81%).

The Nigerian Stock exchange reported that a turnover of 3.752 billion shares worth N62.116 billion in 22,109 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 3.047 billion shares valued at N106.701billion that exchanged hands last week in 23,679 deals.

According to the NSE financial services Industry (measured by volume) led the activity chart with 3.401 billion shares valued at N55.092 billion traded in 10,785 deals; thus contributing 90.63% and 88.69% to the total equity turnover volume and value respectively.

While the conglomerates Services Industry followed with a turnover of 121.697 million shares worth 943.914 million in 2,032 deals. The third place was occupied by Consumer Goods Industry with 58.622 million shares worth N2.785 billion in 3,419 deals.

It added that trading in The Top Three Equities namely- Ecobank Transnational Incorporated, Diamond Bank Plc and UBA Capital Plc (measured by volume) accounted for 2.667 billion shares worth N48.692 billion in 1,361deals, contributing 71.07% and 78.39% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 40,862 units of Exchange Traded Products (ETPs) valued at N992,697.40 executed in 14 deals compared with a total of 187,672 units valued at N4.502 million transacted last week in 21 deals.

Similarly, there were a total of 420 units of Federal Government Bond valued at N480, 609.28 executed in 3 deals compared with a total of 100 units valued at N123, 154.11 executed in 1 deal transacted last week

In terms of summary of price changes, the NSE reported Thirty-two equities appreciated in prices during the week lower than thirty-eight equities of the preceding week. Fifty-one equities depreciated in prices higher than forty-five equities of the preceding week, while one hundred and seventeen equities remained unchanged equal with one hundred and seventeen recorded in the preceding week.

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