Royal Rumble week at the Nigerian Stock Market
By
Olumide Adesina
-
April 25, 2020
A total turnover of 1.195 billion shares worth N13.979 billion in 20,591 deals was traded this week at the Nigerian Stock Exchange by investors; this is in comparison to a total of 1.495 billion shares valued at N12.894 billion that exchanged hands last week in 20,982 deals.
The Financial Services industry, measured by trading volume, led with 965.571 million shares valued at N7.811 billion traded in 11,710 deals, thus contributing 80.79% and 55.88% to the total equity turnover volume and value respectively.
The Industrial Goods industry followed with 54.803 million shares worth N1.509 billion in 2,043 deals. In the third place was the Conglomerates industry, with a turnover of 54.114 million shares worth N111.406 million in 460 deals.
Most traded stocks include, FBN Holdings Plc, Guaranty Trust Bank Plc, and Zenith Bank Plc, which accounted for 581.950 million shares worth N6.363 billion in 7,185 deals, making up about 48.69% and 45.52% to the total equity trading volume and value respectively.
25 stocks gained in price during the week, lower than 37 stocks in the previous week. 33 stocks declined in price, higher than 21 stocks in the previous week, while 105 stocks remained neutral, same as the 105 stocks recorded in the preceding week.
Source:https://nairametrics.com/2020/04/25/royal-rumble-week-at-the-nigerian-stock-market/
By
Olumide Adesina
-
April 25, 2020
A total turnover of 1.195 billion shares worth N13.979 billion in 20,591 deals was traded this week at the Nigerian Stock Exchange by investors; this is in comparison to a total of 1.495 billion shares valued at N12.894 billion that exchanged hands last week in 20,982 deals.
The Financial Services industry, measured by trading volume, led with 965.571 million shares valued at N7.811 billion traded in 11,710 deals, thus contributing 80.79% and 55.88% to the total equity turnover volume and value respectively.
The Industrial Goods industry followed with 54.803 million shares worth N1.509 billion in 2,043 deals. In the third place was the Conglomerates industry, with a turnover of 54.114 million shares worth N111.406 million in 460 deals.
Most traded stocks include, FBN Holdings Plc, Guaranty Trust Bank Plc, and Zenith Bank Plc, which accounted for 581.950 million shares worth N6.363 billion in 7,185 deals, making up about 48.69% and 45.52% to the total equity trading volume and value respectively.
25 stocks gained in price during the week, lower than 37 stocks in the previous week. 33 stocks declined in price, higher than 21 stocks in the previous week, while 105 stocks remained neutral, same as the 105 stocks recorded in the preceding week.
Source:https://nairametrics.com/2020/04/25/royal-rumble-week-at-the-nigerian-stock-market/
