Report from the Nigerian Stock Exchange has indicated that Nigeria’s extinction from recession ‘statistically’ is paying off for some sectors during last week trading. According to the report “the Financial Services Industry (measured by volume) led the activity chart with 729.177 million shares valued at N8.816 billion traded in 10,744 deals; thus contributing 82.20% and 50.52% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 68.153 million shares worth N6.692 billion in 2,908 deals. The third place was occupied by Conglomerates Industry with a turnover of 32.109 million shares worth N183.098 million in 687 deals. Trading in the Top Three Equities namely – Access Bank Plc, Guaranty Trust Bank Plc, Zenith International Bank Plc (measured by volume) accounted for 320.549 million shares worth N6.909 billion in 2,643 deals, contributing 36.14% and 39.59 % to the total equity turnover volume and value respectively.” Read More