NGX trades N38.644b shares in tepid trading

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Lagos, Dec. 4, 2023 – A total of 2.543 billion shares worth N38.644 billion were traded in 36,138 deals on the Nigerian Exchange (NGX) last week.

This was in contrast to the 2.425 billion shares valued at N22.665 billion that changed hands in 33,230 deals in the preceding week.

The Financial Services Industry, measured by volume, led the activity chart with 1.721 billion shares valued at N18.281 billion traded in 17,151 deals.

The industry contributed 67.68% and 47.30% to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 200.584 million shares worth N1.546 billion in 2,073 deals, while the third place was taken by the Services industry, with a turnover of 122.025 million shares worth N376.167 million in 2,051 deals.

Trading in the top three equities namely: Universal Insurance, Access Holdings, and Transnational Corporation, measured by volume, accounted for 660.409 million shares worth N4.795 billion in 4,194 deals.

The top three equities contributed 25.97% and 12.41% to the total equity turnover volume and value, respectively.

Prices of thirty-two equities appreciated during the week, lower than 59 equities in the previous week.

Forty-nine equities depreciated in price, higher than 21 in the previous week, while 73 equities remained unchanged, lower than 76 recorded in the previous week.

The NGX All-Share Index appreciated by 0.27%, while the Market Capitalization depreciated by 0.23% to close the week at 71,419.87 and N39.082 trillion, respectively. (GBN)

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