NGX traded N45.5n worth of shares in 44,189 deals last week

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Lagos, Sept. 11, 2023 – A total of 2.644 billion shares worth N45.450 billion were traded in 44,189 deals last week.

This was in contrast to the 2.510 billion shares valued at N32.816 billion that exchanged hands in 40,736 deals in the preceding week.

The Financial Services Industry, measured by volume, led the activity chart with 1.587 billion shares valued at N20.896 billion traded in 18,686 deals, thus contributing 60.03% and 45.98% to the total equity turnover volume and value, respectively.

The Oil and Gas Industry followed with 385.514 million shares worth N4.678 billion traded in 4,579 deals.

The third place was taken by the Consumer Goods Industry with a turnover of 221.578 million shares worth N12.668 billion in 8,919 deals.

Trading in the top three equities namely Oando Plc, Fidelity Bank and United Bank for Africa, measured by volume, accounted for 732.276 million shares worth N7.148 billion in 7,020 deals, contributing 27.70% and 15.73% to the total equity turnover volume and value, respectively.

Fifty-two equities appreciated in price during the week lower, than 55 equities in the previous week, while 35 equities depreciated in prices, higher than 28 in the previous week.

Sixty-eight equities remained unchanged, lower than 72 recorded in the previous week.

The NGX All-Share Index and Market Capitalization appreciated by 0.91% to close the week at 68,143.34 and N37.295 trillion respectively. (GBN)

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