Lagos, Aug. 14, 2023 -Transactions on the Nigerian Exchange (NGX) dipped last week as 1.741 billion shares worth N25.087 billion were traded in 30,652 deals.
This was in contrast to the 2.575 billion shares valued at N29.615 billion traded in 37,713 deals in the preceding week.
The Financial Services Industry, measured by volume, led the activity chart with 1.244 billion shares valued at N12.616 billion traded in 13,398 deals.
The industry contributed 71.43 percent and 50.29 percent to the total equity turnover volume and value, respectively.
The Conglomerates Industry followed with 133.034 million shares worth N575.673 million in 1,572 deals.
The third place was taken by the ICT Industry with a turnover of 87.649 million shares worth N2.292 billion in 2,404 deals.
Trading in the top three equities – namely Sterling Financial Holdings Company, FBN Holdings Plc, and Universal Insurance, measured by volume, accounted for 518.847 million shares worth N3.917 billion in 1,901 deals.
The three top equities contributed 29.80 percent and 15.61 percent to the total equity turnover volume and value, respectively.
The NGX All-share index and market capitalisation appreciated by 0.20 percent and 0.26 percent to close the week at 65,325.37 and N35.572 trillion, respectively. (GBN)
NGX traded N25bn shares in tepid deals last week
