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NSE Turnover Rises by 12.32% in July to N97.08b

By Dipo Olowookere

Data obtained by the News Agency of Nigeria (NAN) from the Nigerian Stock Exchange (NSE) showed that transactions of the floor of the NSE last month rose by 12.32 percent.

It was gathered that a total of 8.66 billion shares valued at N97.08 billion exchanged hands during the month in 89,911 compared with 7.71 billion shares worth N77. 92 billion traded in 100,895 in the month of June.

According to NAN, the Financial Services sector led these transactions with investors trading 7.45 billion shares in the industry valued at N68.24 billion transacted in 51,991 deals.

Under the sector, United Bank for Africa (UBA) was the most active stock having accounted for 2.96 billion shares worth N28 billion in 5,814 deals.

It was trailed by FBN Holdings with 597.61 million shares valued at N3.57 billion transacted in 7,816 deals.

A further breakdown of the month’s activity chart indicated that conglomerates industry came third with a turnover of 432.97 million shares worth N895.02 million in 4,249 deals.

Transcorp was the toast of investors in the sector, accounting for 412.99 million shares valued at N601.78 million achieved in 3,276 deals, while UACN sold 17.11 million shares worth N290.42 million in 833 deals.

Consumer Goods sector traded 346.18 million shares worth N15.02 million in 14,083 deals.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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