It appears confidence is returning to Nigeria’s bourse.

In July alone, investors on the Nigerian Stock Exchange (NSE) exchanged 8.66 billion shares valued at 97. 08 billion naira in 89,911 deals.

Monthly data obtained from the NSE showed that the turnover increased by 12.32% when compared with 7.71 billion shares worth 77. 92 billion naira traded in 100,895 deals in June.

According to the data, the Financial Services sector was the toast of investors with 7.45 billion shares valued at 68. 24 billion naira transacted in 51,991 deals.

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United Bank for Africa (UBA) was the most active in the sector having accounted for 2.96 billion shares worth 28 billion naira in 5,814 deals.

This was followed by FBN Holdings with 597.61 million shares valued at 3.57 billion naira transacted in 7,816 deals.

A further breakdown of the month’s activity chart indicated that conglomerates came third with a turnover of 432.97 million shares worth 895.02 million naira in 4,249 deals.

Transcorp was the toast of investors in the sector, accounting for 412.99 million shares valued at 601.78 million naira achieved in 3,276 deals, while UACN sold 17.11 million shares worth 290.42 million naira in 833 deals.

The consumer goods sector on the other hand, traded 346.18 million shares worth 15.02 million naira in 14,083 deals.