Nigeria-Bourse-Economy

Nigerian bourse trades 2.27bn shares worth over $10m

APA – Lagos (Nigeria)

The Nigerian Stock Exchange (NSE) recorded a total turnover of 2.271 billion shares worth N32.647 billion (about $10.7m) traded in 20,710 deals this week by investors on the floor of the Exchange.

The weekly report of transactions released by the NSE on Friday in Lagos showed that the figures were in contrast to a total of 3.255 billion shares valued at N28.738 billion that exchanged hands last week in 25,370 deals.

The report added that the Financial Services Industry led the activity chart with 1.843 billion shares valued at N17.715 billion traded in 12,119 deals, while the Oil and Gas Industry followed with 119.755 million shares worth N5.198 billion in 2,599 deals.

The third place was occupied by Conglomerates Industry with a turnover of 119.281 million shares worth N273.785 million in 1,109 deals.

According to the report, trading in the Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and FBN Holdings Plc accounted for 998.849 million shares worth N10.412 billion in 4,831 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.28% and 0.27% to close the week at 28,113.38 and N9.719 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception the NSE Premium, NSE Main Board, NSE Banking, NSE Insurance and the NSE Pension indices that appreciated by 3.05%, 0.23%, 0.38% and 0.97% while the NSE ASeM Index closed flat.

($1=N305)


GIK/APA

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