APA – Lagos (Nigeria)
A total turnover of 1.054 billion shares worth N10.050 billion in 16,155 deals was traded this four-day trading week by investors on the floor of the Nigerian Exchange.
The Federal Government of Nigeria declared Friday 7th April 2023 and Monday 10th April 2023 as Public Holidays to mark the Easter celebrations.
The weekly report of transactions showed that the figures were in contrast to a total of 2.071 billion shares valued at N17.562 billion that exchanged hands last week in 17,917 deals.
It added that the Financial Services Industry led the activity chart with 630.378 million shares valued at N5.438 billion traded in 7,705 deals, while the Conglomerates Industry followed with 248.074 million shares worth N394.370 million in 812 deals.
The third place was occupied by the Oil and Gas Industry, with a turnover of 70.921 million shares worth N1.345 billion in 1,452 deals.
According to the report, trading in the top three equities namely Transnational Corporation Plc, United Bank for Africa Plc and Fidelity Bank Plc, (measured by volume) accounted for 498.527 million shares worth N2.118 billion in 1,862 deals, contributing 47.32% and 21.07% to the total equity turnover volume and value respectively.
It explained that a total of 1,804 units valued at N755,567.40 were traded this week in 33 deals compared with a total of 15,217 units valued at N4.565 million transacted last week in 47 deals.
In the Bonds section, a total of 26,065 units valued at N24.865 million were traded this week in 25 deals compared with a total of 8,506 units valued at N8.126 million transacted last week in 15 deals.
The NGX All-Share Index and Market Capitalization depreciated by 2.28% to close the week at 52,994.13 and N28.869 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Insurance which appreciated by 2.19% while the NGX ASeM and NGX Growth indices closed flat. ($1=N460)
GIK/APA
Nigerian bourse trades 1.054bn shares worth over $21m
