A total turnover of 711.618 million shares worth N15.338 billion (about $34.623m) in 16,662 deals was traded this week by investors on the floor of the Nigerian Exchange (NGX).
The weekly report of transactions released on Friday in Lagos by the NGX showed that the figures were in contrast to a total of 694.376 million shares valued at N8.667 billion that exchanged hands last week in 15,418 deals.
It added that the Financial Services Industry led the activity chart with 461.230 million shares valued at N3.697 billion traded in 7,653 deals, while the Conglomerates Industry followed with 99.881 million shares worth N139.213 million in 582 deals.
The third place was the ICT Industry, with a turnover of 37.953 million shares worth N7.577 billion in 1,050 deals.
Trading in the top three equities namely Transnational Corporation Plc, AIICO Insurance Plc and Zenith Bank Plc accounted for 194.600 million shares worth N1.191 billion in 1,974 deals, contributing 27.35% and 7.76% to the total equity turnover volume and value respectively.
According to the report, a total of 7,712 units valued at N980,634.80 were traded this week in 31 deals compared with a total of 7,014 units valued at N495,893.36 transacted last week in 34 deals.
In the Bonds section, a total of 21,215 units valued at N22.462 million were traded this week in 10 deals compared with a total of 58,708 units valued at N58.646 million transacted last week in 21 deals.
The NGX All-Share Index and Market Capitalization appreciated by 6.88% to close the week at 47,554.34 and N25.902 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Oil & Gas and NGX Sovereign Bond, which depreciated by 1.29% and 0.32% respectively, while the NGX ASeM and NGX Growth indices closed flat. ($1=N443.76)
GIK/APA