Access Holdings Leads NGX Volume With 33.3 Million Shares Traded

Access Holdings Plc emerged as probably the most actively traded fairness by quantity on the Nigerian Exchange Limited (NGX) on Monday as buyers exchanged 33.28 million shares value N955.99 million.

The banking group led a buying and selling session closely dominated by monetary shares with 4 banks rating among the many 5 most actively traded equities by quantity.

Zenith Bank adopted Access Holdings with 27.98 million shares value N3.63 billion, whereas Jaiz Bank recorded 27.61 million shares valued at N211.39 million.

Regency Alliance Insurance posted 27.15 million shares value N22.66 million, whereas FCMB accomplished the 5 most lively shares with 26.22 million shares valued at N288.54 million.

Together, the 5 equities accounted for about 142.24 million shares, representing about 35.1 % of the 405.39 million shares traded throughout the NGX throughout Monday’s session.

The dominance of banking shares was much more pronounced.

Access Holdings, Zenith Bank, Jaiz Bank and FCMB recorded a mixed 115.09 million shares, that means the 4 banks alone accounted for about 28.4 % of complete market quantity.

Their mixed transaction worth stood at about N5.09 billion, equal to roughly 25.6 % of the N19.87 billion traded throughout the equities market.

The newest exercise extends the sturdy presence of banking shares in NGX turnover.

During the previous week, monetary companies accounted for 73.84 % of complete fairness buying and selling quantity and 52.39 % of transaction worth with Access Holdings, Zenith Bank and UBA alone liable for greater than one-third of market quantity.

Monday’s buying and selling due to this fact confirmed that investor exercise remained closely concentrated in banking equities at the start of the brand new week.

Overall, buyers exchanged 405.39 million shares valued at N19.87 billion throughout 52,977 offers in the course of the session.

Trading quantity elevated from the 322.01 million shares recorded on Friday, even because the broader market remained beneath stress.

The NGX All-Share Index declined 0.25 % to 247,736.24 factors, extending the earlier week’s losses, whereas fairness market capitalisation closed at N160.853 trillion.

Despite the weaker benchmark index, Access Holdings’ 33.3 million-share turnover positioned it on the centre of Monday’s buying and selling exercise as banking shares continued to command a considerable share of liquidity on the Nigerian Exchange.