Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

FX Spot Rate Stability Boosts Financial Stock Performance on NGX

Nnaemeka OkwarabyNnaemeka Okwara
August 19, 2024
in Business & Finance
0
FX Spot Rate Stability Boosts Financial Stock Performance on NGX
Share on FacebookShare on TwitterShare on Whatsapp
The Financial services industry is the leading performer in the equities sector of the Nigerian Stock Exchange (NGX), having accounted for a whopping 67.8% of total turnover volume last week. It came first on the activity chart with 1.4 billion shares worth N25.7 billion in 20,132 transactions.

The oil and gas industry was close behind, with 276.7 million units valuing N6 billion in 6,848 transactions. Third place went to the consumer goods sector which had an amount of 101.2 million shares valued at N682 million over 2,475 deals.

The top three traded equities – GTB Holdings Company Plc, Veritas Kapital Assurance Plc and Japaul Gold & Ventures Plc were responsible for 674.2 million shares worth N16.055 billion through 3,977 trades constituting 33.2% contribution towards the total equity turnover.

The NGX All-Share Index increased by 29.86% year-to-date to reach 97,100.31 points while 43,511 deals involving a total sale of 2.072 billion stocks were valued at N55.1 trillion

Making investments in financial stocks can be attributed to recent stability in foreign exchange rates; there has been steady increase in FX spot rates which has resulted into more people trusting this area of the economy again. As such as market dynamics are evolving, it is advisable that investors keep themselves informed and make data-driven decisions.

Tags: federal characterFinanceFXFX Spot Rate Stability Boosts Financial Stock Performance on NGXNGXStock
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Stocks Rally After Shutdown — Don’t Trust This Fake Calm
Business & Finance

Stocks Rally After Shutdown — Don’t Trust This Fake Calm

November 12, 2025
November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 12, 2025
November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip
Business & Finance

November Nightmare: Naira Sinks Deeper as Foreign Currencies Tighten Their Grip

November 10, 2025
Next Post
MTN Group Reports Half-Year Loss Amidst Naira Devaluation

MTN Group Reports Half-Year Loss Amidst Naira Devaluation

NGO Starts Initiative in IDP Camps

NGO Starts Initiative in IDP Camps

“Something Like Gold”: A Shimmer That Fades

“Something Like Gold”: A Shimmer That Fades

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Are US Politicians Under Increased Threat? The Fallout from the Charlie Kirk Attack?

Are US Politicians Under Increased Threat? The Fallout from the Charlie Kirk Attack?

2 months ago
Calabar Boat Mishap Claims Lives of Medical Students: Bodies Recovered – Who’s to Blame – Students or NIMSA Executives?

Calabar Boat Mishap Claims Lives of Medical Students: Bodies Recovered – Who’s to Blame – Students or NIMSA Executives?

2 years ago
Don’t let heroes of democracy perish in poverty-Third Republican lawmakers beg Tinubu

Don’t let heroes of democracy perish in poverty-Third Republican lawmakers beg Tinubu

1 year ago
Hansi Flick to Sign Two-Year Contract as Barcelona Head Coach

Hansi Flick to Sign Two-Year Contract as Barcelona Head Coach

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Djokovic Questions the Justice of Sinner’s Doping Ban, Considers the Arrangement “Very Strange”

Laporta Rules Out Messi Returning to Play for Barcelona But Plans to Pay Tribute at Rebuilt Camp Nou

Turkey Demands Answers After Catastrophic Military Loss

As Ukraine Fights Russia, a New Battle Erupts Within Its Own Government

Survival in Trump’s America: The Secret Ways Families Are Dodging Immigration Raids

How Late Rapper Dagrin Shaped My Music Journey – Olamide

Trending

Tacha Makes History With Dual Guinness World Records In Makeup Artistry
Entertainment

Tacha Makes History With Dual Guinness World Records In Makeup Artistry

byAyobami Owolabi
November 12, 2025
0

Reality TV personality and entrepreneur Anita Natacha Akide, widely known as Tacha, has achieved a historic milestone...

You Won't Believe Trump's New Plan: 50-Year Home Loans & $2,000 Checks for Voters — Here's the Shocking Catch

You Won’t Believe Trump’s New Plan: 50-Year Home Loans & $2,000 Checks for Voters — Here’s the Shocking Catch

November 12, 2025
Epstein's Bombshell Allegation Against Trump Unveiled: He 'Spent Hours' With Accuser, Court Documents Show

Epstein’s Bombshell Allegation Against Trump Unveiled: He ‘Spent Hours’ With Accuser, Court Documents Show

November 12, 2025
Djokovic Questions the Justice of Sinner’s Doping Ban, Considers the Arrangement “Very Strange”

Djokovic Questions the Justice of Sinner’s Doping Ban, Considers the Arrangement “Very Strange”

November 12, 2025
Laporta Rules Out Messi Returning to Play for Barcelona But Plans to Pay Tribute at Rebuilt Camp Nou

Laporta Rules Out Messi Returning to Play for Barcelona But Plans to Pay Tribute at Rebuilt Camp Nou

November 12, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Tacha Makes History With Dual Guinness World Records In Makeup Artistry
  • You Won’t Believe Trump’s New Plan: 50-Year Home Loans & $2,000 Checks for Voters — Here’s the Shocking Catch
  • Epstein’s Bombshell Allegation Against Trump Unveiled: He ‘Spent Hours’ With Accuser, Court Documents Show

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com