Lagos, Oct. 23, 2023 – Transactions on the Nigerian Exchange (NGX) dropped in volume and value terms on the Nigerian Exchange (NGX) last week as 1.496 billion shares worth N24.284 billion were traded in 29,298 deals. Â
This was in contrast to the 1.470 billion shares valued at N24.431 billion that changed hands in 29,683 deals in the preceding week.
The Financial Services Industry, measured by volume, led the activity chart with 1.047 billion shares valued at N12.709 billion traded in 13,667 deals.
The Financial industry contributed 69.99% and 52.34% to the total equity turnover volume and value, respectively.
The ICT Industry followed with 94.997 million shares worth N1.445 billion exchanged in 1,982 deals.
The third place was taken by the Conglomerates Industry with a turnover of 80.655 million shares worth N526.409 million traded in 1,459 deals.
Trading in the top three equities namely, United Bank for Africa, Fidelity Bank and Access Holdings, measured by volume, accounted for 447.125 million shares worth N6.488 billion in 4,913 deals.
The three equities contributed 29.88% and 26.72% to the total equity turnover volume and value, respectively.
Twenty-eight equities appreciated in price during the week lower than the 38 equities in the previous week.
Price of 46 equities depreciated during the week, higher than the 33 in the previous week, while price of 83 equities remained unchanged, lower than 86 recorded in the previous week.
The NGX All-Share Index and Market Capitalization depreciated by 0.42% to close the week at 66,915.41 and N36.764 trillion, respectively. (GBN)
