BusinessTranscorp Tops Leading Stocks in Turnover, Volume As ASI Climbs By 3.00%

Transcorp Tops Leading Stocks in Turnover, Volume As ASI Climbs By 3.00%

GTBCO FOOD DRINL

September 10, (THEWILL) – Trading in the top three equities namely Transnational Corporation Plc, Sterling Financial Holdings Company Plc and Fidelity Bank Plc (measured by volume) accounted for 1.065 billion shares worth N6.525 billion in 6,801 deals, contributing 37.17% and 17.61% to the total equity turnover volume and value respectively last week.

The NGX All-Share Index and Market Capitalization appreciated by 3.00% to close the week at 67,527.19 and N36.958 trillion respectively.

A total turnover of 2.866 billion shares worth N37.050 billion in 33,968 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.812 billion shares valued at N29.299 billion that exchanged hands last week in 31,163 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.424 billion shares valued at N13.398 billion traded in 18,216 deals; thus contributing 49.70% and 36.16% to the total equity turnover volume and value respectively.

The ConglomeratesIndustry followed with 652.296 million shares worth N4.434 billion in 4,931 deals. The third place was the Consumer Goods Industry, with a turnover of 264.359 million shares worth N12.036 billion in 10,821 deals.

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