Culled—Proshare

January 3, 2017/Porshare Markets

Trading activities in the Nigerian equities market closed the year 2016 with -6.17% loss as against -17.36% recorded in 2015.

Analysis on market turnover revealed that total volume traded dropped by -17.35% in 2016 as against -5.10% drop recorded in 2015. Also, total value traded dropped by -40.18% in 2016 as against -20.63% drop in 2015.

Market records 32 gainers and 79 losers in 2016 as against 32 gainers to 89 losers in 2015.

Financial services sector tops other sectors with 80.02% contribution to the total volume traded on the Exchange in 2016 as against 80.64% contribution recorded in 20156. Consumer Goods sector follows closes on the table.

Financial services traded 60.75 bln volumes in 2016 to lead the pack, Consumer Goods and Conglomerates sectors came second and third with 6.36bln and 3.59 bln volumes traded respectively while Natural resources sector traded the least volume with 56.15 mln volume traded.

Analysis on equity transaction by volume reveals that UBA tops by volume as the stock traded 6.49 bln volume of share in 2016; WEMABANK follows with 6.48 bln volumes while FBNH came third on the top list with 6.17 bln volumes.