• As FMDQ FX markets decline by 20.9% in one week
Three banks’ stocks – Fidelity Bank Plc, FCMB Group Plc and Sterling Financial Holdings Company Plc – dominated activities in the financial service sector of the capital market last week.
Consequently, the financial services industry (measured by volume) led the activity chart with 2.4 billion shares valued at N26.1 billion, which traded in 22,833 deals, thus contributing 72.3 per cent to the total equity turnover volume.
Trading in the top three bank equities accounted for 767.9 million shares worth N7.3 billion in 4,589 deals, contributing 23.1 per cent to the total equity turnover volume and value respectively.
Following the banking sector last week was the conglomerates industry with 213.139 million shares worth N2.434 billion in 2,284 deals. The third was the oil and gas industry, with a turnover of 163.3 million shares worth N2.1 billion in 3,443 deals.
Last week,…
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