BreakingNews 21/2/16 - Investment Tumbles 79% on Nigerian Bourse in One Week

[ Masterweb Reports: Busayo Samuel reports ] - The value of transactions dropped by 79.25 percent on the floor of the Nigerian Stock Exchange this week as investors staked N9.64billion on 1.20billion shares compared to N17.28billion splashed on 1.41billion shares the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 1.005 billion shares valued at N6.471 billion traded in 8,313 deals; thus contributing 83.66 percent and 67.12 percent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 54.333 million shares worth N2.114 billion in 2,365 deals. The third place was occupied by the Conglomerates Industry with a turnover of 45.977 million shares worth N184.205 million in 518 deals.

Trading in the Top Three Equities namely – Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc.(measured by volume) accounted for 500.360 million shares worth N5.449 billion in 4,011 deals, contributing 41.63 percent and 56.52% to the total equity turnover volume and value respectively.


*Photo Caption - Trading Floor of Nigeria Stock Exchange.

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