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Investors splash N20.6bn on 2.4bn shares as rush for companies’ stocks drops

Investors at the Nigerian stock market splashed N20.6 billion on 2.449 billion shares in 20,764 deals last week, IgbereTV reports

This, however, fell short of the N23.8 billion investors spent on 2.798 billion shares in 22,970 deals the previous week.

Top NGX performing sector

The week ended with Financial Services Industry, the ICT Industry and the Conglomerates Sector emerging as the top performing sectors in the capital market.

The Financial Sector led the pack with investors trading 1.810 billion shares valued at N11.5billion in 11,233 deals while the ICT Industry shareholders traded 349.937 million shares worth N4.050 billion in 1,292 deals on the trading floor of the stock market.

In the Conglomerates Industry, investors sold 101.523 million shares valued at N548.6million in 1,084 deals last week.

Top three equities

By measure of volume, FCMB Group Plc, ETranzact International Plc, and Fidelity Bank Plc were the top three equities, accounting for 60.12% and 24.52% of the total equity turnover volume and value respectively.

FCMB, ETranzact, and Fidelity Bank Plc investors traded 1.472 billion shares worth N5.064 billion in 1,006 deals

Anambra man of the year award
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