A total turnover of 1.804 billion shares worth N52.040 billion in 38,550 deals was traded this week by investors on the floor of the Nigerian Exchange in the four-day trading week.
The market opened for four trading days this week as the Nigerian Government declared Friday, March 29, 2024 and Monday April 1, 2024 as Public Holidays to commemorate Easter celebration.
The weekly report of transactions released on Friday in Lagos by the Exchange showed that the figures were in contrast to a total of 1.735 billion shares valued at N48.755 billion that exchanged hands last week in 45,237 deals.
It added that the Financial Services Industry led the activity chart with 1.329 billion shares valued at N32.924 billion traded in 20,897 deals, while the Conglomerates Industry followed with 106.728 million shares worth N1.467 billion in 2,368 deals.
The third place was the Consumer Goods Industry, with a turnover of 87.708 million shares worth N4.220 billion in 4,731 deals.
Trading in the top three equities namely Guaranty Trust Holding Company Plc, Zenith Bank Plc and Access Holdings Plc accounted for 589.939 million shares worth N23.276 billion in 8,166 deals, contributing 32.70% and 44.73% to the total equity turnover volume and value respectively.
According to the report, a total of 20,189 units valued at N11.363 million were traded this week in 210 deals compared with a total of 10.560 units valued at N131.549 million transacted last week in 184 deals.
In the Bonds section, a total of 61,447 units valued at N60.237 million were traded this week in 27 deals compared with a total of 68,735 units valued at N71.382 million transacted last week in 20 deals.
The NGX All-Share Index and Market Capitalization depreciated by 0.08% to close the week at 104,562.06 and N59.121 trillion respectively.
All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Consumer Goods and NGX Growth which depreciated by 0.28%, 0.16%, 0.97% and 0.14%, respectively while the NGX Oil and Gas and NGX Sovereign Bond indices closed flat. ($1=N1416)
GIK/APA
Nigerian bourse trades 1.804bn shares worth over N52bn
