Financial Service Industry dominates trading at Nigerian bourse

By Agence de Presse Africaine Last updated Jan 24, 2022

APA– Lagos The Financial Service Industry led the activity chart on the floor of the Nigerian Exchange this week with 815.363 million shares valued at N7.066 billion and traded in 10,736 deals. The weekly report of transactions released on Friday in Lagos by the Nigerian Exchange showed that the ICT Industry followed with 596.575 million shares worth…

APA – Lagos (Nigeria) The Financial Service Industry led the activity chart on the floor of the Nigerian Exchange this week with 815.363 million shares valued at N7.066 billion and traded in 10,736 deals.

The weekly report of transactions released on Friday in Lagos by the Nigerian Exchange showed that the ICT Industry followed with 596.575 million shares worth N845.020 million in 1,028 deals, while the third place was The Conglomerates industry with a turnover of 161.347 million shares worth N191.189 million in 983 deals.

The report added that a total turnover of 1.858 billion shares worth N47.486 billion in 20,861 deals were traded by investors in contrast to a total of 1.600 billion shares valued at N32.716 billion that exchanged hands last week in 22,607 deals.

Trading in the top three equities namely Computer Warehouse Group Plc, Transnational Corporation of Nigeria Plc, FBN Holdings Plc accounted for 810.748 million shares worth N2.080 billion in 1,499 deals, contributing 43.65% and 4.38% to the total equity turnover volume and value respectively.

According to the report, a total of 28,084 units valued at N18.300 million were traded this week in 27 deals compared with a total of 26,091 units valued at N2.356 million transacted last week in 47 deals.

In the Bonds section, a total of 2,290 units valued at N2.291 million were traded this week in 7 deals compared with a total of 78,135 units valued at N78.632million transacted last week in 25 deals.

The NGX All-Share Index and Market Capitalization appreciated by 3.38% to close the week at 45,957.35 and N24.761 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX insurance index, which depreciated by 0.27%, while the NGX ASem, and NGX Sovereign bond indices closed flat. ($1=N410)

GIK/APA