BusinessEquities Market: UBA, FBNH, Access Holdings Dominate Trading in Week-ended March 22

Equities Market: UBA, FBNH, Access Holdings Dominate Trading in Week-ended March 22

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March 24, (THEWILL)- Trading in the top three equities namely United Bank for Africa Plc, FBN Holdings Plc and Access Holdings Plc (measured by volume) accounted for 564.882 million shares worth N16.990 billion in 8,493 deals, contributing 32.56% and 34.85% to the total equity turnover volume and value respectively.

The NGX All-Share Index and Market Capitalization depreciated by 0.42% to close the week at 104,647.37 and N59.169 trillion respectively.

A total turnover of 1.735 billion shares worth N48.755 billion in 45,237 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.773 billion shares valued at N52.867 billion that exchanged hands last week in 44,713 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.273 billion shares valued at N31.077 billion traded in 23,066 deals; thus contributing 73.36% and 63.74% to the total equity turnover volume and value respectively. The Conglomerates

Industry followed with 123.237 million shares worth N1.772 billion in 3,205 deals. The third place was the Consumer Goods Industry, with a turnover of 104.854 million shares worth N5.292 billion in 6,166 deals.

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Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.

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Sam Diala, THEWILLhttps://thewillnews.com
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.

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