FCMB Slides Softly Amidst Huge Cross Deal
FCMB Group Plc saw a slight decline in market value amidst huge shares volume transacted off the Nigerian Exchange (NGX) trading platform.
According to data from the local bourse, FCMB share price declined to N9.45 per as 273.035 million units valued at N2.566 billion were traded on Thursday.
Out of the total share volume that exchange hands, there was 265 million units that were traded as cross deal, reducing the bank share price movement.
Stockbroker crossed 265 million shares of FCMB at ₦9.40 between a seller, and buyer – thus slowdown the price volatility. At the close of trading session, the market priced FCMB 39.605 billion outstanding shares at N374.271 billion. #FCMB Slides Softly Amidst Huge Cross Deal#
