A total turnover of 3.301 billion shares worth N53.157 billion in 27,536 deals was traded this three-day trading week by investors on the floor of the Nigerian Exchange.
The market opened for three trading days this week as the Federal Government of Nigeria declared Monday June 17 and Tuesday June 18, 2024, as Public Holidays to commemorate 2024 Eid el Kabir celebrations.
The weekly report of transactions released on Friday in Lagos by the Exchange showed that the figures were in contrast to a total of 2.633 billion shares valued at N43.652 billion that exchanged hands last week in 33,709 deals.
It added that the Financial Services Industry led the activity chart with 3.040 billion shares valued at N46.362 billion traded in 13,695 deals while the Conglomerates Industry followed with 74.051 million shares worth N867.880 million in 1,906 deals.
The third place was the ICT Industry, with a turnover of 44.909 million shares worth N1.412 billion in 2,136 deals.
According to the report, trading in the top three equities namely Fidelity Bank Plc, FBN Holdings Plc and Veritas Kapital Assurance Plc (measured by volume) accounted for 2.469 billion shares worth N37.405 billion in 3,006 deals, contributing 74.80% and 70.37% to the total equity turnover volume and value respectively.
A total of 10,876 units valued at N2.037 million were traded this week in 77 deals compared with a total of 14,964 units valued at N1.548 million transacted last week in 71 deals.
In the Bonds section, a total of 48,669 units valued at N42.884 million were traded this week in 28 deals compared with a total of 49,349 units valued at N49.257 million transacted last week in 18 deals.
The NGX All-Share Index and Market Capitalization depreciated by 0.18% to close the week at 99,743.05 and N56.424 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Main Board, NGX Pension, NGX AFR Bank Value, NGX MERI Growth, NGX Consumer Goods, NGX Oil and Gas, NGX Lotus II, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond which appreciated by 0.18%, 0.20%, 1.12%, 1.07%, 0.29%, 0.21%, 0.58%, 0.10%, 0.17% and 9.80% respectively while the NGX ASeM index closed flat. ($1=N1482)
GIK/APA
Nigerian bourse trades 3.301bn shares worth over N53bn
