APA – Lagos (Nigeria)
A total turnover of 3.369 billion shares worth N41.986 billion (about $55.794) in 39,764 deals was traded this week by investors on the floor of the Exchange.
The weekly report of transactions released on Friday in Lagos by the NGX showed that the figures were in contrast to a total of 4.276 billion shares valued at N62.176 billion that exchanged hands last week in 44,344 deals.
It added that the Financial Services Industry led the activity chart with 2.515 billion shares valued at N23.030 billion traded in 19,895 deals; thus contributing 83.86% and 66.06% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 162.226 million shares worth N4.174 billion in 2,953 deals. The third place was the Conglomerates Industry, with a turnover of 148.138 million shares worth N530.633 million in 1,962 deals.
According to the report, trading in the top three equities namely Universal Insurance Plc, United Bank for Africa Plc and Guaranty Trust Holding Company Plc (measured by volume) accounted for 865.658 million shares worth N12.138 billion in 4,786 deals, contributing 25.70% and 28.91% to the total equity turnover volume and value respectively.
A total of 10.818 million units valued at N105.926 million were traded this week in 182 deals compared with a total of 28.490 million units valued at N254.156 million transacted last week in 94 deals.
In the Bonds section, a total of 106,871 units valued at N106.464 million were traded this week in 26 deals compared with a total of 46,043 units valued at N50.724 million transacted last week in 25 deals.
The NGX All-Share Index and Market Capitalization appreciated by 0.34% to close the week at 59,206.63 and N32.237 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Lotus II which depreciated by 1.26% while the NGX ASeM index closed flat ($1=N752.51)
GIK/APA
Nigerian bourse trades 3.369bn shares worth over $55m
