Nigeria Update: Financial stocks lift NSE’s turnover by N24billion

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Nigeria Update: Financial stocks lift NSE’s turnover by N24billion

Heavy transactions in the shares of some banks, especially Sterling Bank, and Skye Bank, last week lifted the volume of shares traded, a turnover of 4.426 billion shares worth N24.236billion were recorded in 29,573 deals by investors on the floor of the Exchange.

This volume of transactions recorded was however higher than a total of 3.268 billion units valued at N28.123billion that changed hands in 35,761 deals during the week ended February 2.

Specifically, at the close of transactions last week, the financial services industry (measured by volume) led the activity chart with 4.005 billion shares valued at N16.501billion traded in 19,035 deals; thus contributing 90.49 per cent to the total equity turnover volume.

The conglomerates industry followed with 167.723 million shares worth N464.656 illion in 1,568 deals.

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