Friday, April 19, 2024

FBN Holdings, Access, Wema lead weekly volume trading

Uba Group

BY KENNETH EZE

Three deposit money bank equities caught the attention of investors at the Exchange driving trades by volume up to almost 44 per cent.

Trading in FBN Holdings Plc, Access Bank Plc and Wema Bank Plc (measured by volume) accounted for 626.756 million shares worth N4.458 billion in 2,802 deals, thereby contributing 43.95 per cent and 34.10 per cent to the total equity turnover volume and value respectively.

Generally, a total turnover of 1.426 billion shares worth N13.073 billion in 19,315 deals were traded on the floor of the Exchange by investors, during the week ended September 10, 2021.

This was in contrast to a total of 1.338 billion shares valued at N8.650 billion that exchanged hands the previous week in 19,830 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.136 billion shares valued at N8.201 billion traded in 10,700 deals.

With these, the FSI contributed 79.68 per cent and 62.73 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 76.520 million shares worth N1.383 billion in 3,076 deals.

The third place was taken by Conglomerates, which recorded a turnover of 58.222 million shares worth N186.293 million in 769 deals.

ETP
A total of 2,016 units valued at N537, 038.08 were traded during the week under review, in 10 deals compared with a total of 54,468 units valued at N2.603 million transacted in the previous week in 19 deals.

BONDS
Similarly, a total of 93,019 units valued at N99.809 million were traded in the week in 39 deals, comparative to a total of 100,152 units valued at N99.670 million transacted the week before, in 27 deals.

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