Lagos, Jan. 29, 2024 – A total of 2.981 billion shares worth N57.873 billion were traded in 67,962 deals on the Nigerian Exchange (NGX) last week.
This was in contrast to the 5.179 billion shares valued at N77.797 billion that exchanged hands in 79,012 deals in the preceding week.
The Financial Services Industry, measured by volume, led the activity chart with 1.863 billion shares valued at N26.774 billion traded in 29,276 deals.
The industry contributed 62.50% and 46.26% to the total equity turnover volume and value, respectively.
The Conglomerates Industry followed with 309.432 million shares worth N5.201 billion in 5,882 deals.
The third place was taken by the Oil and Gas Industry with a turnover of 259.223 million shares worth N4.892 billion in 5,658 deals.
Trading in the top three equities, namely Transnational Corporation, United Bank for Africa, and Sterling Financial Holdings Company, measured by volume, accounted for 686.291 million shares worth N12.943 billion in 9,490 deals.
The three equities contributed 23.02% and 22.36% to the total equity turnover volume and value, respectively.
Thirty-five equities appreciated in price during the week, lower than 81 equities in the preceding week.
Price of 65 equities depreciated, higher than the 58 in the previous week, while 55 equities remained unchanged, higher than 16 recorded in the preceding week.
The NGX All-Share Index and Market Capitalization appreciated by 8.32% to close the week at 102,401.88 and N56.038 trillion, respectively. (GBN)
