Market welcomes board changes at FBN

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Uba Group

A total turnover of 1.441 billion shares worth N10.883 billion in 19,614 deals were traded weekend by investors on the floor of the Exchange, in contrast to a total of 1.602 billion shares valued at N42.142 billion that exchanged hands last week in 19,507 deals.

The Financial Services Industry (measured by volume) led the activity chart with 970.560 million shares valued at N6.779 billion traded in 10,876 deals; thus contributing 67.36% and 62.30% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 234.966 million shares worth N387.565 million in 1,320 deals. The third place was Consumer Goods Industry, with a turnover of 61.614 million shares worth N974.254 million in 2,818 deals.

Trading in the top three equities namely FBN Holdings Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 603.939 million shares worth N2.963 billion in 3,618 deals, contributing 41.91% and 27.23 to the total equity turnover volume and value respectively.