The total turnover of shares recorded at the end of June on the floor of the Nigerian Stock Exchange (NSE) hit 121.62 billion, valued at
1.73 trillion naira, in contrast to the same period last year, when a total of 6 4 .1 billion shares, worth 866.24 billion naira was recorded, according to the mon t hly report released by the exchange.
The report also said a turnover of 19.8 billion shares, worth 249.5 billion nair a in 330,332 deals, was recorded in June alone, in contrast to a total of 16.8 b i llion shares, valued at 232.95 billion naira during the month of May in 356,909 d eals.
Insurance sub-sector was the most active, measured by turnover volume, with 9.85 billion shares valued at 22.8 billion naira in 51,523 deals.
Banking came second on the activity chart with 7.25 billion shares, worth 174.95 billion naira in 161,357 deals.
The all-share index, which opened at 58,929.02, closed at 55,949.00, a decrease of 5.06 per cent, during the month.
The market value of the 313 listed securities closed at 14.225 trillion naira, d own by 4.89 per cent from 14.956 trillion naira, recorded in the preceding month
Banking stocks occupied the top eight positions in the market capitalisation tab le.
First Bank of Nigeria Plc retained the most capitalised stock for the month of J une, with a market capitalisation of 850.7 billion naira; Zenith Bank Plc follow e d with 727.6 billion naira and Intercontinental Bank Plc with 611.9 billion nair a .
Three new listings – Fidson Healtcare Plc, Omatel Ventures and Tantalizers Plc, were recorded during the month under review.
Similarly, there were four supplementary listings, which included United Bank fo r Africa Plc (UBA), Ecobank Transnational Incorporated (ETI), Guaranty Trust Ban k Plc and National Salt Co. of Nig Plc.
However, the Federal Government Bond 2012 (Local Contractors Debt series 3), was delisted from the daily official list, thereby dropping the number of bonds and
securities to 43 and 317 respectively.