NOV 2, 2017: STERLING BANK TOPS DEALS AT NIGERIAN STOCK MARKET

For the second day, November 2, 2017 investors interest in Sterling Bank was high again like old times leading for superlative number of deals.

On Wednesday November 1, 2017 Sterling bank paced number of deals with 522 involving 31.958m shares.

November 2, was something else altogether. It witnessed 1321 deals which resulted in only 13.47m shares changing hands.

This was 24.1% of the day's total number of deals and must have been very active in growing number of deals to 5472, up 32.8% on Wednesday's 4119.

Sterling bank had for a long time closed firm but this time around, it mustard N0.01 gain to close at N1.01 per share.

The nearest number of deals by any other equity was FBN Holdings 598 deals for leading 73.4m offload worth N513.22m.

Incidentally, FBN ended the day with rare leading 9.22% or N0.6 per share rise. FBN had closed Wednesday at N6.51 per share, opened the day at N6.78, hit day low of N6.5 then a high and close of N7.11 per share.

The only other equity with above 300 deals was Nigerian Breweries in which 314 deals for 5.08m shares worth day high N739.55m were struck. 

However, Nigerian Breweries ended the day with leading Naira drop of N4.77 per share.

The All shares index eased by 0.03% to 36877.15 after managing an increase the previous day.

Trailing FBN's % lea

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