Banking Sector Still Sustains Market Grip

At the end of transactions on the floor of Nigerian Stock Exchange (NSE) yesterday, the Banking sub-sector still maintained her grip on the stock market.

The Banking sub-sector shares were the most active with 89,510,284 shares valued at N662.3 million in 2,780 deals.

The sector’s performance was boosted by the activities of Access Bank, First Bank, Platinum Bank and Zenith Bank.

Access, First, Platinum and Zenith Banks all traded a total of 6,518,406, 10,279,066, 15,133,257 and 10,336,902 shares respectively, worth N53.1, N137.7, N18.6 and N131.2 million respectively which exchanged hands in 168, 740,65 and 345 deals respectively.

Food/Bererages and Tobacco sub-sector followed with 7,431,425 shares worth N269.8 million which exchanged hands in 637 deals.

Also, Insurance sub-sector traded a total of 20,197,769 shares valued at N16.8 million in 756 deals.

At the end of trading, investors bought a total of 207,362,159 shares worth N1.6 billion in 29,220 deals in contrast to 246,643,856 shares valued at N2.2 billion in 5,531 deals traded on  Thursday.