VOL. NO: 53      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Equity trading on the NSE appreciates by 57.58%

EQUITY trading on the Nigerian Stock Exchange (NSE) appreciated by 57.58%. Specifically, a turnover of 350.16 million shares valued at N5.29 billion was recorded in 9,153 deals as against a previous turnover of 222.21 million shares valued at N3.51 billion in 7,054 deals.

The banking sub-sector dominated the other sectors accounting for 66.89% of the market turnover with 234.23 million shares valued at N3.17 billion in 5,603 deals.

Fidelity Bank Plc recorded the highest transaction in the sub-sector with a turnover of 34.84 million shares valued at N96.07 million in 230 deals, followed by United Bank for Africa Plc with the exchange of 30.01 million shares valued at N876.48 million in 572 deals and First Inland Bank Plc with 20.10 million shares valued at N70.47 million in 54 deals.

The indices for measuring performance of securities on the NSE, the All-share index and the market capitalization both appreciated by 0.40 per cent each. Chevron Oil Nigeria Plc recorded the highest share price appreciation.

 

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