Nigeria-Bourse-Economy

Nigerian bourse trades 1.840bn shares worth over $66m

APA – Lagos (Nigeria)

A total turnover of 1.840 billion shares worth N27.286 billion in 27,273 deals was traded 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 Ltd showed that the figures were in contrast to a total of 3.021 billion shares valued at N31.784 billion that exchanged hands last week in 29,153 deals.

It noted that the Financial Services Industry led the activity chart with 1.286 billion shares valued at N10.745 billion traded in 12,379 deals; while the Conglomerates Industry followed with 251.105 million shares worth 1.659 billion in 1,371 deals.

The third place was the Consumer Goods Industry, with a turnover of 105.601 million shares worth N2.522 billion in 4,263 deals.

According to the report, trading in the top three equities namely Ecobank Transnational Incorporation, Jaiz Bank Plc and Access Holdings Plc (measured by volume) accounted for 640.650 million shares worth N4.825 billion in 2,098 deals, contributing 34.81% and 17.68% to the total equity turnover volume and value respectively.

A total of 26,718 units valued at N2.381 million were traded this week in 26 deals compared with a total of 141,582 units valued at N3.107 million transacted last week in 17 deals.

In the Bonds section, a total of 157,574 units valued at N164.735 million were traded this week in 22 deals compared with a total of 31,003 units valued at N33.165 million transacted last week in 11.deals.

The NGX All-Share Index and Market Capitalization appreciated by 2.09% to close the week at 54,085.3 and N29.158 trillion respectively.

However, all other indices finished lower with the exception of the NGX-Main Board index which appreciated at 6.03%, while, the NGX Asem and NGX Sovereign bond indices closed flat. ($1=N410)


GIK/APA

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