APA – Lagos (Nigeria)
A total turnover of 2.981 billion shares worth N57.873 billion in 67,962 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 Nigerian Exchange showed that the figures were in contrast to a total of 5.179 billion shares valued at N77.797 billion that exchanged hands last week in 79,012 deals.
It added that the Financial Services Industry led the activity chart with 1.863 billion shares valued at N26.774 billion traded in 29,276 deals, while the Conglomerates Industry followed with 309.432 million shares worth N5.201 billion in 5,882 deals.
The third place was the Oil and Gas Industry, with a turnover of 259.223 million shares worth N4.892 billion in 5,658 deals.
According to the report, trading in the top three equities namely Transnational Corporation Plc, United Bank for Africa Plc and Sterling Financial Holdings Company Plc (measured by volume) accounted for 686.291 million shares worth N12.943 billion in 9,490 deals,
A total of 77,804 units valued at N27.478 million were traded this week in 385 deals compared with a total of 100,213 units valued at N23.168 million transacted last week in 337 deals.
In the Bonds section, a total of 98,426 units valued at N95.304 million were traded this week in 60 deals compared with a total of 142,409 units valued at N140.309 million transacted last week in 39 deals.
The NGX All-Share Index and Market Capitalization appreciated by 8.32% to close the week at 102,401.88 and N56.038 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Banking, NGX Insurance, NGX AFR Bank Value, NGX MERI Growth, NGX Growth and NGX Sovereign Bond which depreciated by 1.63%, 4.10%, 2.36%, 3.71%, 1.38%, and 0.68% respective while the NGX ASeM index closed flat. ($1=N886)
GIK/APA
Nigerian bourse trades 2.981bn shares worth over N57bn
