Banking sector sees increased activity   

Sep 15 (Lagos) - Banking sector stocks were in heavy demand today as dividend hunters took their positions ahead of the qualification dates for the interim dividends.

GUARANTY (GTB) , STANBIC , ZENITHBANK , FBNH (FIRST BANK) and ACCESS were the most traded stocks on the exchange today.

GTB saw 46 million shares traded today which is sharply higher than its 90 day average of 16 million units. Remember you can get 90 day avg volume on the company pages of these stocks which are updated regularly.

STANBIC saw 15.9 million units traded today which is way higher than its 90 day average daily volume of 1.3 million units.

First Bank ( FBNH ) also saw increased patronage with 51.4 million units changing hands which is sharply above its 90 day avg volume of 19 million units.

Access Bank and Zenith Bank saw just a little more demand than their avg daily 90 day volumes. 

However only GTB (+0.2%) managed to eek out a gain in today's session and as a result the banking stocks index declined 0.18% at the end of the day which was higher than the overall decline of only 0.03% in the All share index.

However banks like UBA , FIDELITYBK , STERLNBANKUBN (Union Bank) and UNITYBNK saw lower trading than their avg daily 90 day volume. 

reporting for on Tuesday, Sep 15 2020 from Lagos, Nigeria
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