APA – Lagos (Nigeria)
A total turnover of 3.920 billion shares worth N15.620 billion (about $33.956m) in 16,856 deals was traded this four-day trading week by investors on the floor of the Nigerian Exchange.
The Federal Government of Nigeria declared Friday 21st April 2023 and Monday 24th April 2023 as Public Holidays to mark the Eid el-Fitr celebrations.
The weekly report of trading released on Thursday in Lagos showed that the figures were in contrast to a total of 2.824 billion shares valued at N10.964 billion that exchanged hands last week in 15,686 deals.
The report added that the Conglomerates Industry led the activity chart with 3.050 billion shares valued at N5.964 billion traded in 1,379 deals, while the Financial Services Industry followed with 707.962 million shares worth N6.175 billion in 8,430 deals.
The third place was the Consumer Goods Industry, with a turnover of 43.155 million shares worth N1.026 billion in 2,223 deals.
Trading in the top three equities namely Transnational Corporation Plc, Access Holdings Plc and Fidelity Bank Plc accounted for 3.302 billion shares worth N7.999 billion in 2,375 deals, contributing 84.23% and 51.21% to the total equity turnover volume and value respectively.
According to the report, a total of 590 units valued at N269,819.25 were traded this week in 32 deals compared with a total of 525 units valued at N591,412.35 transacted last week in 28 deals.
In the Bonds section, a total of 29,696 units valued at N29.004 million were traded this week in 28 deals compared with a total of 5,200 units valued at N5.115 million transacted last week in 18 deals.
The NGX All-Share Index and Market Capitalization depreciated by 1.08% to close the week at 51,355.74 and N27.963 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Main Board, NGX Pension, NGX Insurance, NGX AFR Div. Yield, NGX MERI Growth and NGX Consumer Goods which appreciated by 0.73%, 1.44%, 1.41%, 0.80%, 4.37% and 0.17% respectively while the NGX ASeM, NGX Growth and NGX Sovereign Bond indices closed flat. ($1=N460)
GIK/APA
Nigerian bourse trades 3.920bn shares worth over $33m
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