APA – Lagos (Nigeria)
The Financial Services Industry led the activity chart on this four-day trading week on the floor of the Nigerian exchange with 1.890 billion shares valued at N23.041 billion traded in 17,806 deals.
The Federal Government of Nigeria declared Monday, May 29, 2023 as Public Holidays to commemorate the inauguration of the newly elected President of the Federal Republic of Nigeria.
According to the weekly report of transactions released on Friday in Lagos by the Nigerian exchange, the Conglomerates Industry followed with 170.218 million shares worth N638.188 million in 1,830 deals, while the third place was the Consumer Goods Industry, with a turnover of 132.432 million shares worth N3.837 billion in 4,938 deals.
It added that a total turnover of 2.586 billion shares worth N46.643 billion in 35,122 deals was traded this week by investors in contrast to a total of 1.963 billion shares valued at N33.899 billion that exchanged hands last week in 30,827 deals.
Trading in the top three equities namely Access Holdings Plc, United Bank for Africa Plc and FBN Holding (measured by volume) accounted for 915.908 million shares worth N10.916 billion in 6,575 deals, contributing 35.42% and 23.40% to the total equity turnover volume and value respectively.
A total of 10,317 units valued at N4.214 million were traded this week in 62 deals compared with a total of 16,176 units valued at N5.118 million transacted last week in 86 deals.
In the Bonds section, a total of 44,858 units valued at N44.174 million were traded this week in 24 deals compared with a total of 12,837 units valued at N12.608 million transacted last week in 16 deals.
The NGX All-Share Index and Market Capitalization appreciated by 5.37% to close the week at 55,820.50 and N30.395 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Growth which depreciated by 0.18% while the NGX ASeM and NGX Sovereign Bond indices closed flat. ($1-N460.5)
GIK/APA
Financial Services Industry dominates trading at Nigerian bourse
