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The Nigerian Stock Market releases February trading figures

Transactions in the market were influenced by profit taking/loss cutting by investors. Consequently, the market recorded a turnover of 7.86 billion shares valued at N54.1billion in 133,112 deals in February in contrast to a total of 8.63 billion shares valued at N48.65 billion exchanged during January in 302,901 deals.
 The Nigerian Stock Market releases February trading fig..
 
 
Transactions in the market were influenced by profit taking/loss cutting by investors. Consequently, the market recorded a turnover of 7.86 billion shares valued at N54.1billion in 133,112 deals in February in contrast to a total of 8.63 billion shares valued at N48.65 billion exchanged during January in 302,901 deals.

Trading value increased by 11.1%, trading volume dropped by 9%. These had rose by 2% and 14%, respectively in January.

Trading days in February were 19 compared to 20 during the preceding month.

Total turnover during the first two months of the year was 16.14 billion shares valued at N100.8 billion exchanged in 429,306 deals. In the comparable period during 2009, the market recorded turnover of 11.232 billion shares worth N66.8 billion exchanged by investors in 289,389 deals.

The Banking subsector was the most active (measured by turnover volume) with traded volume of 4.03 billion shares valued at N32.9 billion exchanged in 70,307 deals, while the Insurance subsector was second with traded volume of 1.2 billion shares valued at N1.2 billion exchanged in 10,069 deals. The Information and Communication Technology subsector was third with transaction volume of 735.15 million valued at N2.43 billion traded in 1,197 deals, while the Food, Beverages & Tobacco subsector was fourth with transaction volume of 291 million shares valued at N4.81 billion traded in 12,434 deals. The Mortgage Companies subsector was fifth with transaction volume of 237 million shares valued at N159.2 million traded in 1,413 deals.

Consequently, the five subsectors accounted for 6.5 billion shares valued at N41.5 billion exchanged by investors in 95,420 trades.

As in the preceding month, FinBank Plc was the most active stock with transaction volume of 552.52 million shares followed by IHS Plc with 488.7 million shares, while Zenith Bank Plc placed third with 468.81 million shares. First Bank of Nigeria Plc placed fourth with 340.8 million shares. Access Bank Plc occupied the fifth position with 292.2 million shares while Diamond Bank Plc occupied the sixth slot with 258.6 million.

The Top 3 most active stocks accounted for 1.51 billion shares or 19.2% of total traded stocks, while the Top 5 most active stocks accounted for 2.14 billion or 27.3% of total transactions during the month. The 10 most active stocks accounted for 3.33 billion or 42% of the total shares traded during the month.

Source: www.nigerianstockexchange.com


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