Investors stake N91.3 billion in equities in one week

Investors stake N91.3 billion in equities in one week

Heavy transactions in the shares of banks, last week, lifted the volume of shares traded, as a turnover of 2.5 billion shares worth N91.3 billion was recorded in 51,406 deals on the floor of the Exchange.

This volume of shares traded was, however higher than 2.7 billion units, valued at N49.8 billion that exchanged hands in 43,298 deals on December 13.

The financial services industry (measured by volume) led the activity chart with 1.6 billion shares valued at N23.4 billion traded in 22,766 deals; thus contributing 66.2 per cent and 25.70 per cent to the total equity turnover.

The ICT industry followed with 201.2 million units worth N3.1 billion in 2,840 deals. The services industry ranked third with a turnover of 182.2 million shares worth N7.9 billion in 3,019 deals.

Trading in the top three equities namely Sterling Financial Holdings Company Plc, Wema Bank Plc and e-Tranzact International…
Read More

Leave a comment

Send a Comment

Your email address will not be published. Required fields are marked *