Union Bank, others rake in N27.841m shares at NGX

Union Bank of Nigeria, Transnational Corporation and FBN Holdings’ equities, measured by volume, amounted to 27.841 million shares worth N193.488bn in 1,872 deals, contributing 96.89 per cent and 92.55 per cent to the total equity turnover and value respectively.

The NGX All-Share Index and market capitalisation depreciated by 2.18 per cent to close the week at 52,908.24 and N28.523tn, maintaining the same rate as the previous week.

A turnover of 28,736 billion shares worth N209.06bn in 23,688 deals was traded last week by investors on the floor of the exchange, in contrast to a total of 1,840 billion shares valued at N2.286bn that exchanged hands in 27,273 deals the previous week.

The financial services industry, measured by volume, led the activity chart with 28,048 billion shares valued at N198.017bn in 10,416 deals; thus contributing 97.61 per cent and 94.72 per cent to the total equity turnover volume and value respectively.

Ranking third on the conglomerates industry was the consumer goods industry with a turnover of 74.111 million shares worth N2.853bn in 3,835 deals.

A total of 43,648 units valued at N987,351.25 were traded last week in 24 deals against 26,718 units valued at N2.281m transacted the previous week in 26 deals, while 20,402 units valued at N21.440m were traded last week in 10 deals compared with a total of 157,574 units valued at N164.735m transacted the previous week in 22 deals.

Conclusively, the performance recorded in the second week of June included depreciation in price of 45 equities, lower than 54 equities in the previous week; 36 equities appreciated in price, higher than 23 equities in the previous week, while 75 equities remained unchanged against 79 equities in the previous week.

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