Zenith, NGX, GTCO lift market turnover by N9.4 billion | The Guardian Nigeria News - Nigeria and World News

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Heavy transactions in the shares of Zenith Bank Plc, NGX Group Plc and Guaranty Trust Holding Company Plc (GTCO), last week, lifted the volume of shares traded on the capital market, as a turnover of 562.9 million shares worth N9.4 billion was recorded in 16,013 deals.

This volume of shares traded was higher than a total of 719.4 million units valued at N8 billion that was exchanged in 17,444 deals the previous week.

The sector contributed 67.86 per cent to the total equity turnover. The ICT Industry followed with 59.3 million shares worth N2.5 billion in 1,272 deals. The services industry ranked third with a turnover of 32 million shares worth N95.8 million in 607 deals. The overall market downturn was impacted by losses in Bua cement , Total , Guinness , GTCO and Seplat stocks. Consequently, the month-to date loss increased to -1.6 per cent while the year to date gain moderated to +14.8 per cent.

 

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