A total turnover of 1.839 billion shares worth N34.258 billion in 37,528 deals was traded this week by investors on the floor of the Nigerian Exchange.
The weekly report of transactions released on Friday in Lagos by the Exchange showed that the figures were in contrast to a total of 1.597 billion shares valued at N32.313 that exchanged hands last week in 44,915 deals.
It added that the Financial Services Industry led the activity chart with 1.129 billion shares valued at N22.290 billion traded in 22,008 deals, while the Conglomerates Industry followed with 194.179 million shares worth N2.822 billion in 1,923 deals and the third place was the Construction/Real Estate Industry, with a turnover of 130.702 million shares worth N649.957 million in 556 deals.
According to the report, trading in the top three equities namely United Bank for Africa Plc, Access Holdings Plc and Transnational Corporation Plc accounted for 582.024 million shares worth N10.571 billion in 8,849 deals, contributing 31.65% and 30.86% to the total equity turnover volume and value respectively.
A total of 15,057 units valued at N5.112 million were traded this week in 161 deals compared with a total of 31,329 units valued at N5.558 million transacted last week in 167 deals.
In the Bonds section, a total of 52,739 units valued at N50.662 million were traded this week in 28 deals compared with a total of 126,172 units valued at N124.978 million transacted last week in 28 deals.
The NGX All-Share Index and Market Capitalization depreciated by 1.39% to close the week at 98,152.91 and N55.512 trillion respectively.
Similarly, all other indices finished lower with the exception NGX Insurance, NGX MERI Growth, NGX MERI Value and NGX Industrial Goods which appreciated by 0.02%, 1.13%, 0.09%, and 0.38% while the NGX ASeM and NGX Sovereign Bond indices closed flat. ($1=N1166)
GIK/APA
Nigerian bourse trades 1.839bn shares worth over N34.25bn
