APA – Lagos (Nigeria)
A total turnover of 1.186 billion shares worth N31.425 billion in 23,969 deals was traded this three-day week by investors on the floor of the Nigerian Exchange.
The Federal Government of Nigeria declared Monday December 25 and Tuesday December 26, 2023 as Public Holidays to commemorate the Christmas celebration.
The weekly report of transactions released on Friday in Lagos by the Nigerian Exchange showed that the figures were in contrast to a total of 2.474 billion shares valued at N53.787 billion that exchanged hands last week in 35,848 deals.
The report added that the Financial Services Industry led the activity chart with 722.186 million shares valued at N9.489 billion traded in 10,892 deals, while the Conglomerates Industry followed with 97.336 million shares worth N988.128 million in 2,114 deals.
The third place was the Services Industry, with a turnover of 74.364 million shares worth N440.206 million in 1,595 deals.
According to the report, trading in the top three equities namely Jaiz Bank Plc, Zenith Bank Plc and Transnational Corporation Plc accounted for 244.764 million shares worth N3.500 billion in 3,630 deals, contributing 20.64% and 11.14% to the total equity turnover volume and value respectively.
A total of 30,505 units valued at N12.350 million were traded this week in 236 deals compared with a total of 13,515 units valued at N16.978 million transacted last week in 263 deals.
In the Bonds section, a total of 43,710 units valued at N46.280 million were traded this week in 23 deals compared with a total of 3,521 units valued at N3.710 million transacted last week in 10 deals.
The NGX All-Share Index and Market Capitalization appreciated by 1.01% to close the week at 74,773.77 and N40.918 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Consumer Goods and NGX Lotus II which depreciated by 1.46%, and 0.08% respectively while the NGX ASeM index closed flat. ($1=N899).
GIK/APA
Nigerian bourse trades 1.186bn shares worth N31.425bn in 23,969 deals
