Finance

Investors transacted over 8billion shares in March

*FCMB, Fidelity, Unity, Access, Zenith pulls 47%

TRADING on the Nigerian Exchange in the just concluded month showed that investors traded 8. 528 billion shares worth N92.809 billion across 105,717 deals. The banks were the major contributors to the high volume of transactions with FCMB trading 2.104 billion shares a 24.67 percent of the total volume of shares transacted in March.

Fidelity Bank along with Unity Bank, Access Bank and Zenith Bank traded a collective 1.871 billion shares leaving the four with 3.975 billion shares a 46.61 percent of the cumulative volume of shares traded in March.

Specifically in the top ten most traded shares, Fidelity Bank traded 563.205 million shares, followed by Unity’s 548.359 million shares, Access’ 389.404 million shares and Zenith’s 381.322 million shares respectively.

The twin market indicators both reduced by 0.9 pecent to close at N25.312 trillion against the N25.543 trillion it opened the month while the All-Share Index reduced to 46, 965.48 points from an opening figure of 47,394.53 points in March.

Also investors traded 204,573 bonds worth N219.639 million across 66 deals while investors traded 1.709 million ETP worth N38.842 million in 104 deals.

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