A total turnover of 3.695 billion shares worth ₦177.687 billion in 370,980 deals was traded this week by investors on the floor of the Nigerian Exchange (NGX).
The weekly report of transaction released on Friday in Lagos by the NGX showed that the figures were in contrast to a total of 5.494 billion shares valued at ₦196.709 billion that exchanged hands last week in 370,233 deals.
It added that the Financial Services Industry led the activity chart with 2.444 billion shares valued at ₦72.029 billion traded in 145,628 deals, while the Oil and Gas Industry followed with 326.073 million shares worth ₦39.510 billion in 36,458 deals and the third place was the Services Industry, with a turnover of 218.374 million shares worth ₦2.012 billion in 18,575 deals.
Trading in the top three equities, namely Jaiz Bank Plc, Fortis Global Insurance Plc and Access Holdings accounted for 661.242 million shares worth ₦8.062 billion in 38,534 deals, contributing 17.90% and 4.54% to the total equity turnover volume and value respectively.
According to the report, a total of 3.800 million units valued at ₦548.240 million were traded this week in 4,487 deals compared with a total of 3.603 million units valued at ₦409.595 million, transacted last week in 4,115 deals.
In the Bonds section, a total of 30,180 units valued at ₦29.456 million were traded this week in 26 deals compared with a total of 579,488 units valued at ₦585.173 million transacted last week in 44 deals.
The NGX All-Share Index and Market Capitalization appreciated by 2.15% and 2.16% to close the week at 196,968.15 and ₦126.437 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX Insurance, NGX MERI Value, NGX Consumer Goods, NGX Growth and NGX Sovereign Bond which depreciated close the week at 196,968.15 and ₦126.437 trillion respectively. ($1=N1394)
GIK/APA