A total turnover of 719.398 million shares worth N8.004 billion (about $188m) in 17,444 deals was traded this week by investors on the floor of the Nigerian Exchange.
The weekly report of transactions released on Friday in Lagos by the Nigerian bourse showed that the figures were in contrast to a total of 949.819 million shares valued at N9.329 billion that exchanged hands last week in 18,525 deals.
It added that the Financial Services Industry led the activity chart with 411.407 million shares valued at N3.943 billion traded in 9,471 deals, while the ICT Industry followed with 177.815 million shares worth N955.781 million in 1,573 deals.
The third place was the Conglomerates Industry, with a turnover of 36.577 million shares worth N2.332 billion in 2,425 deals.
According to the report, trading in the top three equities namely Courteville Business Solutions Plc, Zenith Bank Plc and Access Holdings Plc accounted for 278.293 million shares worth N1.984 billion in 3,038 deals, contributing 38.68% and 24.78% to the total equity turnover volume and value respectively.
A total of 2,172 units valued at N352,773.56 were traded this week in 18 deals compared with a total of 3,952 units valued at N1.692 million transacted last week in 32 deals.
In the Bonds section, a total of 15,945 units valued at N16.238 million were traded this week in 15 deals compared with a total of 219,620 units valued at N243.115 million transacted last week 30 deals.
The NGX All-Share Index and Market Capitalization depreciated by 0.44% to close the week at 49,475.42 and N26.686 trillion respectively.
Similarly, all other indices finished lower while, the NGX ASeM and NGX Growth indices closed flat. ($1-N425)
GIK/APA