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Financial stocks boost equity trading by 80% last week

At the end of the weekly transaction, the financial services industry (measured by volume) led the activity chart with 1.671 billion shares valued at N15.934…

At the end of the weekly transaction, the financial services industry (measured by volume) led the activity chart with 1.671 billion shares valued at N15.934 billion traded in 12,563 deals; thus contributing 79.89 per cent and 56.43 per cent to the total equity turnover volume and value respectively.
The consumer goods industry followed with a turnover of 111.632 million shares worth N6.342 billion in 4,082 deals. The third place was occupied by the conglomerates industry with 80.121 million shares worth N389.574 million in 1,229 deals.
Trading in the top three equities namely Zenith International Bank Plc, FBN Holdings Plc and United Bank for Africa Plc (measured by volume) accounted for 812.237 million shares worth N10.768 billion in 5,326 deals, contributing 38.83 per cent and 38.14 per cent to the total equity turnover volume and value respectively.