NGX traded N46.6bn worth of shares last week

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Lagos, June 5, 2023 – A total of 2.586 billion shares worth N46.643 billion were in traded in 35,122 deals on the Nigerian Exchange (NGX) last week.

The market opened for four trading days last week as Monday, May 29, was declared a public holiday to commemorate the inauguration of the newly elected president.

The volume and value of last week’s transaction were in contrast to the 1.963 billion shares valued at N33.899 billion traded in the preceding week.

The financial services industry, measured by volume, led the activity chart with 1.890 billion shares valued at N23.041 billion traded in 17,806 deals, thus contributing 73.10% and 49.40% to the total equity turnover volume and value, respectively.

The conglomerates followed with 170.218 million shares worth N638.188 million traded in 1,830 deals.

The third place was taken by the consumer goods industry with a turnover of 132.432 million shares worth N3.837 billion traded in 4,938 deals.

Trading in the top three equities of Access Holdings, United Bank for Africa and FBN Holding, measured by volume, accounted for 915.908 million shares worth N10.916 billion in 6,575 deals.

The three equities contributed 35.42% and 23.40% to the total equity turnover volume and value, respectively.

The NGX All-Share Index and Market Capitalization appreciated by 5.37% to close the week at 55,820.50 and N30.395 trillion, respectively. (GBN)

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