APA – Lagos (Nigeria)
The Financial Services Industry led the activity chart on the four trading week with 940.539 million shares valued at N11.370 billion traded in 14,627 deals.
The Nigerian Government declared Wednesday, September 27, 2023 as Public Holiday to commemorate Eid-el-Maulid celebration.
The weekly report of trading released on Friday in Lagos by the Nigerian Exchange showed that the Conglomerates Industry followed with 95.954 million shares worth N584.249 million in 1,760 deals, while the third place was the Oil and Gas Industry, with a turnover of 69.323 million shares worth N782.269 million in 1,688 deals.
It added that a total turnover of 1.339 billion shares worth N17.916 billion in 27,874 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.911 billion shares valued at N30.379 billion that exchanged hands last week in 38,536 deals.
According to the report, trading in the top three equities namely Access Holdings Plc, United Bank for Africa Plc and Transnational Corporation Plc (measured by volume) accounted for 456.454 million shares worth N6.469 billion in 6,579 deals, contributing 34.09% and 36.11% to the total equity turnover volume and value respectively.
A total of 19,020 units valued at N2.007 million were traded this week in 91 deals compared with a total of 51,116 units valued at N4.485 million transacted last week in 112 deals.
In the Bonds section, a total of 80,697 units valued at N82.919 million were traded this week in 15 deals compared with a total of 95,921 units valued at N98.305 million transacted last week in 27 deals.
The NGX All-Share Index and Market Capitalization depreciated by 1.40% to close the week at 66,382.14 and N36.331 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Insurance, NGX Consumer Goods, NGX Lotus ll, and NGX Sovereign Bond which appreciated by 2.77%, 1.59%, 0.20% and 0.98% respectively while the NGX ASeM index closed flat. ($1=N777)
Financial Services Industry dominates trading at Nigerian bourse
