APA – Lagos (Nigeria)
A total turnover of 2.314 billion shares worth N41.547 billion (about $55.175) in 28,095 deals was traded this three-day trading week by investors on the floor of the Nigerian Exchange.
The Federal Government of Nigeria declared Wednesday June 28 and Thursday June 29, 2023 as Public Holidays to commemorate Eid el Kabir celebration.
The weekly report of transactions released in Lagos on Friday by the Nigerian Exchange showed that the figures were in contrast to a total of 3.369 billion shares valued at N41.986 billion that exchanged hands last week in 39,764 deals.
It added that the Financial Services Industry led the activity chart with 1.715 billion shares valued at N24.652 billion traded in 14,227 deals; while the Conglomerates Industry followed with 98.423 million shares worth N379.169 million in 1,176 deals.
The third place was the Consumer Goods Industry, with a turnover of 96.885 million shares worth N2.216 billion in 3,470 deals.
According to the report, trading in the top three equities namely Access Holdings Plc, United Bank for Africa Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 844.596 million shares worth N16.302 billion in 5,493 deals, contributing 36.49% and 39.24% to the total equity turnover volume and value respectively.
A total of 5.058 million units valued at N36.782 million were traded this week in 105 deals compared with a total of 10.818 million units valued at N105.926 million transacted last week in 182 deals.
In the Bonds section, a total of 31,460 units valued at N32.183 million were traded this week in 20 deals compared with a total of 106,871 units valued at N106.464 million transacted last week in 26 deals.
The NGX All-Share Index and Market Capitalization appreciated by 2.98% to close the week at 60,968.27 and N33.198 trillion respectively.
Similarly, all other indices finished higher while the NGX ASeM and NGX Sovereign Bond Indices closed flat ($1=N753.94)
GIK/APA
Nigerian bourse trades 2.314bn shares worth $55m
