A total turnover of 2.668 billion shares worth N106.264 billion in 107,998 deals was traded this week on the floor of the Nigerian Exchange by investors.
According to the weekly report of trading on the NGX released on Friday in Lagos, the figures were in contrast to a total of 7.325 billion shares valued at N156.425 billion that exchanged hands last week in 134,383 deals.
The Financial Services Industry led the activity chart with 1.820 billion shares valued at N44.806 billion traded in 45,297 deals, while the Services Industry followed with 324.191 million shares worth N1.761 billion in 8,018 deals.
Third place was the Oil and Gas Industry, with a turnover of 143.185 million shares worth N37.741 billion in 7,788 deals.
Trading in the top three equities, namely Access Holdings Plc, Tantalizers Plc and Zenith Bank Plc accounted for 1.057 billion shares worth N24.652 billion in 13,924 deals, contributing 39.63% and 23.20% to the total equity turnover volume and value respectively.
The report added that a total of 385,218 units valued at N51.423 million were traded this week in 833 deals compared with a total of 1.320 million units valued at N45.028 million transacted last week in 666 deals
In the Bonds section, a total of 91,112 units valued at N93.218 million were traded this week in 34 deals compared with a total of 54,579 units valued at N56.404 million transacted last week in 16 deals.
The NGX All-Share Index and Market Capitalization depreciated by 2.24% and 2.23% to close the week at 143,722.62 and N91.415 trillion respectively.
Similarly, all other indices finished lower with the exception NGX Sovereign Bond Index which appreciated by 0.32%. ($1=N1458)
GIK/APA