Business
Finbank Tops Market Value Chat
Finbank Plc drove the market volume at the close of business on the floor of the Nigerian Stock Exchange, Friday, as investors bought a total of 53.856 million units of shares, valued at N32.951 million in 140 transactions.
The bank, which lost one kobo closing at 62 kobo per share as against Thursday’s closing of 63 kobo per share, made a remarkable increase in the volume of shares, trading 19.034 million units at N11.954 million in 175 deals.
First Bank Plc followed trading a total of 43.110 million units, valued at N606.636 billion in 978 deals to close at N14.30 kobo per share.
The bank also surged on Thursday, trading a total of 33.021 million units, valued at N477.578 in 921 deals, closing at N14.39 per share.
Also, Zenith Bank Plc investors bought 33.908 units of its shares at the value of N535.079 billion in 230 deals to close at N15.80 kobo.
As if is an all banks affair, Oceanic Bank Plc was 4th on the list, trading a total of 24.895 million units, valued at N64.237. million in 430 transactions to close at N2.45 kobo per share.
Regalins Plc in only five transactions, traded a total volume of 20 million units at N10 million to close at 50 kobo .
Fidelity Bank, Bank PHB and Skye Bank traded a total of 10.528, 10.470 and 10.420 units respectively at N27.371, N20.990 and N58.959 million in 133, 515 and 151 deals.
Market volume drivers chat were dominated by the banking sector in the weekend transaction, showing investors’ interest in banking shares.