Investors Cross 400m Units Of FBN Holdings In Off-Market Trade For N5bn

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The Nigerian Stock Exchange (NSE) witnessed heavy trading in the shares of financial services supermarket- FBN Holdings as investors crossed a total of 400,000,632 units, representing 1.11% of its shares outstanding at N12.50 each in two deals.
Investdata News learnt that the off-market trade worth N5bn was executed via negotiated deals between Cordros Securities Limited (buyer) and Fundvine Capital & Securities Limited (seller).

This brought total volume of FBN Holdings traded for the day to 425.603m units in 378 deals.
This brought total transaction volume for the day to 831.388m units worth N10.568bn, exchanged in 5,651 deals.
The Financial Services sector accounted for 76% of total volume traded, which represented 74% by value, followed by the Oil and Gas sector’s 16.00% of volume traded and 1.79% of value, among others.

 http://investdata.com.ng/2018/03/investors-cross-400m-units-fbn-holdings-off-market-trade-n5bn/

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