Business Hilights

Tracking Nigeria's Headline Business News Online

NSE House

Business Hilights Weekly Stock market (Oct 10 to Oct 14, 2016) report

Ad 2
Ad 3

The Nigerian Stock Exchange (NSE) recorded a turnover of 1.163 billion shares worth N9.251 billion in 14,992 deals were traded last week that ended Friday, October 14, 2016 by investors on the floor of the Exchange in contrast to a total of 934.905 million shares valued at N6.357 billion that exchanged hands last week in 12,352 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.022 billion shares valued at N5.890 billion traded in 8,812 deals; thus contributing 87.93% and 63.68% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 61.569 million shares worth N141.308 million in 633 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 33.086 million shares worth N2.017 billion in 2,642 deals.

Trading in the Top Three Equities namely – Access Bank Plc, Diamond Bank Plc and United Bank of Nigeria Plc (measured by volume) accounted for 522.737 million shares worth N1.951 billion in 1,914 deals, contributing 44.95% and 21.09% to the total equity turnover volume and value respectively.


Twenty-two (22) equities appreciated in price during the week, same as twenty-two (22) equities of the previous week. Forty-two (42) equities depreciated in price, higher than thirty-five (35) equities of the previous week, while one hundred and sixteen (116) equities remained unchanged lower than one hundred and twenty-three (123) equities recorded in the preceding week.

Top 5 Price Gainers include Caverton Offshore, Seplat Petroleum, Zenith Bank, Access bank, and Nigerian Breweries.

Top price losers last week include UACN, Lafarge, E-Tranzact, Forte Oil, and Parma-Deko.


Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.