Nigerian bourse trades 1.6bn shares worth over $79m

APA – Lagos (Nigeria)

A total turnover of 1.600 billion shares worth N32.716 billion (about $79.795m) were treaded in 22,607 deals this week by investors on the floor of the Nigerian Exchange.

The weekly report of transactions released on Friday in Lagos by the Nigerian Exchange showed that the figures were in contrast to a total of 2.027 billion shares valued at N59.014 billion that exchanged hands last week in 15,750 deals.

It noted that the Financial Service Industry led the activity chart with 731.264 million shares valued at 6.517 billion traded in 10,822 deals, while the Conglomerate Industry followed with 403.646 million shares worth N 452.909 million in 1,537 deals.

The third place was The Consumer Goods Industry, with a turnover of 314.768 million shares worth N17.759 billion in 4,101 deals.

According to the report, trading in the top three equities namely Transnational Corporation of Nigeria Plc, BUA Foods Plc, Jaiz Bank Plc accounted for 775.685 million shares worth N16.625 billion in 2,644 deals, contributing 48.49% and 50.82 % to the total equity turnover volume and value respectively.

A total of 26,091 units valued at N2.356 million were traded this week in 47 deals compared with a total of 11,926 units valued at N894,080.79 transacted last week in 26 deals.

In the Bonds section, a total of 78,135 units valued at N78.632 million were traded this week in 25 deals compared with a total of 50,225 units valued at N50.792 million transacted last week in 13 deals.

The NGX All-Share Index and Market Capitalization appreciated by 1.37% to close the week at 44,454.67 and N23.951 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX CG, NGX insurance, NGX AFR bank Value, NGX Consumer Goods and NGX Lotus II Indices, which depreciated by 0.79%, 1.54%, 0.07%, 4.35%, and 1.34%, respectively while the NGX ASem, NGX Growth I and NGX Sovereign bond indices closed flat.   ($1=N410)


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