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

Elon Musk's AI Project Has Triggered a Major Government Alarm. Here's Why
Business & Finance

Elon Musk’s AI Project Has Triggered a Major Government Alarm. Here’s Why

January 12, 2026
A Bleak Start to 2026 as Black Market FX Batters the Naira
Business & Finance

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 12, 2026
A Bleak Start to 2026 as Black Market FX Batters the Naira
Business & Finance

A Bleak Start to 2026 as Black Market FX Batters the Naira

January 12, 2026
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

A Catholic priest in Ekiti is kidnapped by unknown gunmen.

A Catholic priest in Ekiti is kidnapped by unknown gunmen.

3 years ago
Labour Party Condemns the Governorship and State Assembly Polls 

Labour Party Condemns the Governorship and State Assembly Polls 

3 years ago
Liverpool Share Emotional Tributes to Diogo Jota on His 29th Birthday

Liverpool Share Emotional Tributes to Diogo Jota on His 29th Birthday

1 month ago
Former president Goodluck Jonathan leads mediation mission to Senegal

Former president Goodluck Jonathan leads mediation mission to Senegal

2 years 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 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 UK ukraine US
No Result
View All Result

Highlights

Cheaper Drinks, Costly Consequences’: WHO Reveals What’s Really Driving the Obesity and Cancer Crisis

The $10 Billion Showdown: Inside the BBC’s Bold Move to Stop Trump in His Tracks

Movie Review: Why ‘After 25’ Scores 5/10 Amidst Family Drama and Unanswered Questions

Regina Daniels Denies Theft Allegations

Iranian Lawmaker Issues Grave Warning to Government as Tensions Simmer

Pay Up or Get Out’: Trump’s Ultimatum to Nations on U.S. Trade Could Spark a Global Crisis

Trending

The 2026 Golden Globes and Nigeria’s Fashion Faux Pas
Fashion & Lifestyle

The 2026 Golden Globes and Nigeria’s Fashion Faux Pas

bySomto Nwanolue
January 13, 2026
0

The 83rd Golden Globe Awards promised a new era of glamour and relevance. While many reviews praised...

Ogun’s First Civilian Governor’s Wife, Lucia Onabanjo, Passes Away at 100

Ogun’s First Civilian Governor’s Wife, Lucia Onabanjo, Passes Away at 100

January 13, 2026
Funke Akindele Dominates Box Office as ‘Behind The Scenes’ Hits ₦2.1bn

Funke Akindele Dominates Box Office as ‘Behind The Scenes’ Hits ₦2.1bn

January 13, 2026
Cheaper Drinks, Costly Consequences': WHO Reveals What's Really Driving the Obesity and Cancer Crisis

Cheaper Drinks, Costly Consequences’: WHO Reveals What’s Really Driving the Obesity and Cancer Crisis

January 13, 2026
The $10 Billion Showdown: Inside the BBC's Bold Move to Stop Trump in His Tracks

The $10 Billion Showdown: Inside the BBC’s Bold Move to Stop Trump in His Tracks

January 13, 2026

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

  • The 2026 Golden Globes and Nigeria’s Fashion Faux Pas
  • Ogun’s First Civilian Governor’s Wife, Lucia Onabanjo, Passes Away at 100
  • Funke Akindele Dominates Box Office as ‘Behind The Scenes’ Hits ₦2.1bn

Categories

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

© 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