The financial services industry led the activity chart with 1.1 billion shares valued at N23.2 billion traded in 19,896 deals, thus contributing 64.04 per cent and 43.8 per cent to the total equity turnover.The financial services industry led the activity chart with 1.1 billion shares valued at N23.2 billion traded in 19,896 deals, thus contributing 64.04 per cent and 43.8 per cent to the total equity turnover.
Consequently, a turnover of 1.7 billion shares worth N52.9 billion was recorded in 44,713 deals by investors on the floor of the Exchange, in contrast to a total of two billion shares valued at N108 billion that exchanged hands last week in 51,556 deals. On the price movement chart, the domestic bourse extended last week’s gains as strong buying interests in MTN Nigeria and Tier-1 Banking stocks lifted the All-Share Index higher by 3.7.per cent week-on-week to close at 105,085.25 points.
Analysts at Codros Research said: “We expect investors to continue to cherry-pick fundamentally sound stocks, given the absence of any significant positive catalysts. The financial services industry led the activity chart with 1.1 billion shares valued at N23.2 billion traded in 19,896 deals, thus contributing 64.04 per cent and 43.8 per cent to the total equity turnover.
The Bank Directors Association of Nigeria , led by Chairman of the Board of Directors, Mustafa Chike-Obi, has called for collaborative policies to support the growth of the banking sector.
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