NGX traded N59bn worth of shares last week

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Lagos, May 1, 2023 – A total of 14.029 billion shares worth N59.007 billion were traded in 24,048 deals by investors on the floor of Nigerian Exchange (NGX) last week.

These were in contrast to the 3.920 billion shares valued at N15.620 billion that exchanged hands in the preceding week.

 The Conglomerates Industry, measured by volume, led the activity chart with 11.399 billion shares valued at N30.990 billion traded in 2,310 deals.

The sector contributed 81.25 per cent and 52.52 per cent to the total equity turnover volume and value, respectively.

The Financial Services Industry followed with 2.185 billion shares worth N22.225 billion exchanged in 11,946 deals.

The third place was taken by the Oil and Gas Industry with a turnover of 117.097 million shares worth N648.971 million traded in 1,500 deals.

Trading in the top three equities namely: Transnational Corporation, Access Holdings, and Fidelity Bank, measured by volume, accounted for 13.116 billion shares worth N47.928 billion in 6,614 deals.

The NGX All-Share Index and Market Capitalization appreciated by 2.04% to close the week at 52,403.51 and N28.534 trillion, respectively.

Forty-nine equities appreciated in price during the week higher than 35 equities in the previous week.

Prices of 17 equities depreciated, lower than 31 in the previous week, while 90 equities remained unchanged, the same as recorded in the preceding week. (GBN)

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