Nigerian bourse trades 1.005bn shares worth over $24m

By Agence de Presse Africaine Last updated Oct 3, 2022

APA– Lagos A total turnover of 1.005 billion shares worth N10.406 billion in 17,844 deals was traded this week by investors on the floor of the Nigerian Exchange. The weekly report of transactions released on Friday in Lagos showed that the figures were in contrast to a total of 562.856 million shares valued at N9.438 billion that exchanged hands last week in…

APA – Lagos (Nigeria) A total turnover of 1.005 billion shares worth N10.406 billion (about $24.08 million) in 17,844 deals was traded this week by investors on the floor of the Nigerian Exchange.

The weekly report of transactions released on Friday in Lagos showed that the figures were in contrast to a total of 562.856 million shares valued at N9.438 billion that exchanged hands last week in 16,013 deals.

It added that the Financial Services Industry led the activity chart with 757.289 million shares valued at N6.947 billion traded in 9,483 deals, while the Conglomerates Industry followed with 75.118 million shares worth N82.955 million in 494 deals.

The third place was the Consumer Goods Industry, with a turnover of 50.186 million shares worth N1.457 billion in 2,798 deals.

According to the report, trading in the top three equities namely Jaiz Bank Plc, Guaranty Trust Holding Company Plc, and Zenith Bank Plc. (measured by volume) accounted for 460.216 million shares worth N4.963 billion in 4,281 deals, contributing 45.81% and 47.69% to the total equity turnover volume and value respectively.

A total of 5,937 units valued at N21.716 million were traded this week in 18 deals compared with a total of 4,938 units valued at N2.135 million transacted last week in 18 deals.

In the Bonds section, a total of 35,327 units valued at N35.758 million were traded this week in 21 deals compared with a total of 2,961 units valued at N2.994 million transacted last week 8 deals.

The NGX All-Share Index depreciated by 0.01% to close the week at 49,024.16 while Market Capitalization appreciated by 0.03% to close N26.451 trillion.

Similarly, all other indices finished lower with the exception of NGX Main-Board, NGX 30, NGX Oil & Gas and NGX Industrial Goods, which appreciated by 0.25%, 0.04%, 0.20%, and 3.01% while The NGX ASeM, NGX Growth and NGX Sovereign Bond indices closed flat. ($1-N432)

GIK/APA