Investors Inject N9.4bn Into Nigeria’s Stock Market
A total turnover of 1.117 billion shares worth N9.041 billion in 16,482 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 4.319 billion shares valued at N7.376 billion that exchanged hands last week in 9,330 deals.
The Financial Services Industry (measured by volume) led the activity chart with 903.696 million shares valued at N3.336 billion traded in 9,240 deals; thus contributing 80.88% and 36.90% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 67.147 million shares worth N109.014 million in 609 deals.
The third place was occupied by Consumer Goods Industry with a turnover of 59.710 million shares worth N4.002 billion in 2,686 deals.
Trading in the Top Three Equities namely – Fidelity Bank Plc, Omoluabi Savings and Loans Plc and Diamond Bank Plc (measured by volume) accounted for 299.270 million shares worth N277.933 million in 1,029 deals, contributing 26.79% and 3.07% to the total equity turnover volume and value respectively.