A total turnover of 2.618 billion shares worth N69.742 billion in 47,953 deals was traded this four-day trading week by investors on the floor of the Nigerian Exchange.
The market opened for four trading days this week as the Federal Government of Nigeria declared Wednesday January 1, 2025, as Public Holiday to commemorate the New Year Day Celebration.
The weekly report released on Friday in Lagos by the Nigerian Exchange showed that the figures were in contrast to a total of 1.387 billion shares valued at N52.023 billion that exchanged hands last week in 33,411 deals.
According to the report, the Financial Services Industry led the activity chart with 1.751 billion shares valued at N17.079 billion traded in 20,595 deals, while the Services industry followed with 205.807 million shares worth N1.829 billion in 3,654 deals.
Third place was the ICT Industry, with a turnover of 189.938 million shares worth N1.844 billion in 3,686 deals.
Trading in the top three equities namely Royal Exchange Plc, Chams Holding Company Plc and Universal Insurance Plc (measured by volume) accounted for 612.033 million shares worth N773.439 million in 2,108 deals, contributing 23.38% and 1.11% to the total equity turnover volume and value respectively.
A total of 91,659 units valued at N5.778 million were traded this week in 107 deals compared with a total of 82,096 units valued at N5.442 million transacted last week in 60 deals.
In the Bods section, a total of 33,902 units valued at N33.069 million were traded this week in 27 deals compared with a total of 31,816 units valued at N32.278 million transacted last week in 12 deals.
The NGX All-Share Index and Market Capitalization appreciated by 1.42% and 2.02% to close the week at 103,586.33 and N63.166 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Oil and Gas and NGX Sovereign Bond which depreciated by 0.45% and 3.28% respectively while the NGX ASeM and NGX Commodity indices closed flat. ($1=N1535)
GIK/APA