By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Friday recorded a Turnover of 62.2 percent (62.2%) to open the year.
To record the 62.2% Tunrover to open the year, 972.737 million shares worth N8.509 billion in 13,745 deals was recorded this week in contrast to a total of 571.077 million shares valued at N5.246 that exchanged hands last week in 7,579 deals.
The Stock Market Report for January 04 2013 from the Nigeria’s Exchange , the Financial Services sector was the most active during the week (measured by turnover volume) with 654.080 million shares worth N5.765 billion exchanged hands by investors in 8,625 deals Volume in the sector was largely driven by activity in the shares of Zenith Bank Plc, First City Monument Bank Plc, Fidelity Bank Plc and FBN Holdings Plc.
Trading in the shares of the four Banks accounted for 308.139 million shares, representing 47.11% and 31.68% of the sector turnover and total turnover traded during the week respectively. The Conglomerates sector boosted by activity in the shares of Transnational Corporation of Nigeria Plc followed on the week’s activity chart with a turnover of 166.455 million shares valued at N174.680 million in 458 deals.
The Consumers Goods sector (measured by turnover volume) was third with 61.541 million shares valued at N1.731 billion traded in 2,261 deals. The top three sectors accounted for 883.808 million shares valued at N7.723 billion traded in 11,457 deals, thus accounting for 90.86%, 90.76% and 83.35%, of the volume, value and number of deals respectively.
The NSE All-Share Index appreciated by 2.41% to close at 28,538.06. Also, Market Capitalization of the listed equities appreciated by 2.41% to close at N9.121 trillion.
All but one of the sectorial indices appreciated: the Bloomberg NSE 30, Bloomberg NSE Consumer Goods, Bloomberg NSE Banking, Bloomberg NSE Insurance, and Bloomberg NSE Oil/Gas index appreciated by 2.61% (+47.12% YTD), 1.54% (+43.46% YTD), 8.31% (+31.26% YTD), 3.56% (-14.41% YTD) and 0.84% (-30.10% YTD) respectively.
Also traded during the week were 438 units of NewGold Exchange Traded Funds (ETFs) valued at N1.108 million exchanged hands in 4 deals in contrast to a total of 213 units valued at N539.090 million transacted last week in 2 deals. There were no transactions through the stock market in the FGN Bonds, State/Local Government Bonds and Corporate Bonds/Debentures sectors.
Click to download Report from the NSE for the Period January 04 2012
