APA – Lagos (Nigeria)
A total turnover of 3.320 billion shares worth N41.755 billion in 46,994 deals was traded this four-day 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 Monday January 1, 2024 as Public Holidays to commemorate New Year celebration.
The weekly report of transactions released on Friday in Lagos showed that the figures were in contrast to a total of 1.186 billion shares valued at N31.425 billion that exchanged hands last week in 23,969 deals.
The Financial Services Industry led the activity chart with 2.399 billion shares valued at N26.054 billion traded in 22,833 deals. The Conglomerates Industry followed with 213.139 million shares worth N2.434 billion in 2,284 deals.
The third place was the Oil and Gas Industry, with a turnover of 163.313 million shares worth N2.054 billion in 3,443 deals.
Trading in the top three equities namely Fidelity Bank Plc, FCMB Group Plc and Sterling Financial Holdings Company Plc accounted for 767.964 million shares worth N7.289 billion in 4,589 deals, contributing 23.13% and 17.46% to the total equity turnover volume and value respectively.
A total of 391,760 units valued at N8.450 million were traded this week in 140 deals compared with a total of 30,505 units valued at N12.350 million transacted last week in 236 deals.
In the Bonds section, a total of 74,677 units valued at N71.574 million were traded this week in 32 deals compared with a total of 43,710 units valued at N46.280 million transacted last week in 23 deals.
The NGX All-Share Index and Market Capitalization appreciated by 6.54% to close the week at 79,664.66 and N43.594 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Growth and NGX Sovereign Bond Indices which depreciated by 6.38% and 1.21% respectively, while the NGX ASeM index closed flat. ($1=N913)
GIK/APA
Nigerian bourse trades 3.320bn shares worth over N41.7bn
