Lagos, Oct. 3, 2023- Transactions on the Nigerian Exchange (NGX) dropped in value and volume terms last week as 1.339 billion shares worth N17.916 billion were traded in 27,874 deals.
This was against the 3.911 billion shares valued at N30.379 billion that exchanged hands in 38,536 deals in the previous week.
The Financial Services Industry, measured by volume, led the activity chart with 940.539 million shares valued at N11.370 billion traded in 14,627 deals.
The sector, last week, contributed 70.25% and 63.46% to the total equity turnover volume and value, respectively.
The Conglomerates Industry followed with 95.954 million shares worth N584.249 million traded in 1,760 deals.
The third place was taken by the Oil and Gas Industry with a turnover of 69.323 million shares worth N782.269 million in 1,688 deals.
Trading in the top three equities namely Access Holdings, United Bank for Africa and Transnational Corporation, measured by volume, accounted for 456.454 million shares worth N6.469 billion in 6,579 deals.
Transactions in the three equities contributed 34.09% and 36.11% to the total equity turnover volume and value, respectively.
Twenty-five equities appreciated in price last week, lower than 48 equities in the previous week, while 47 equities depreciated, higher than 40 in the previous week.
Eighty-three equities remained unchanged, higher than 67 recorded in the previous week.
The NGX All-Share Index and Market Capitalization depreciated by 1.40% to close the week at 66,382.14 and N36.331 trillion, respectively. (GBN)
