APA – Lagos (Nigeria)
A total turnover of 2.824 billion shares worth N10.964 billion (about $23.834m) in 15,686 deals was traded this four-day trading week by investors on the floor of the Nigerian Exchange.
The Nigerian Government declared Friday 7th April 2023 and Monday 10th April 2023 as Public Holidays to mark the Easter celebrations.
According to the report of transactions released on Friday by the Nigerian Exchange, the figures were in contrast to a total of 1.054 billion shares valued at N10.050 billion that exchanged hands last week in 16,155 deals.
The report added the Conglomerates Industry led the activity chart with 1.797 billion shares valued at N2.495 billion traded in 931 deals, while the Financial Services Industry followed with 590.745 million shares worth N5.615 billion in 7,869 deals.
The third place was the ICT Industry, with a turnover of 313.737 million shares worth N1.213 billion in 1,340 deals.
According to the report, trading in the top three equities namely Transnational Corporation Plc, Chams Holdings Company Plc and United Bank for Africa Plc (measured by volume) accounted for 2.254 billion shares worth N3.852 billion in 1,922 deals, contributing 79.81% and 35.14% to the total equity turnover volume and value respectively.
A total of 525 units valued at N591,412.35 were traded this week in 28 deals compared with a total of 1,804 units valued at N755,567.40 transacted last week in 33 deals.
In the Bonds section, a total of 5,200 units valued at N5.115 million were traded this week in 18 deals compared with a total of 26,065 units valued at N24.865 million transacted last week in 25 deals.
The NGX All-Share Index and Market Capitalization depreciated by 2.08% to close the week at 51,893.94 and N28.268 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Consumer Goods and NGX Sovereign Bond which appreciated by 0.05% and 1.54% respectively while the NGX ASeM, NGX Oil & Gas, and NGX Growth indices closed flat ($1=N460)
GIK/APA
Nigerian bourse trades 2.824bn shares worth over $23m
