Nigerian bourse trades 2.872bn shares worth N132.8bn --[Reported by Umva mag]

A total turnover of 2.872 billion shares worth N132.811 billion in 39,867 deals was traded this four-day trading week by investors on the floor of the Nigerian Exchange.

The market opened for four trading days this week as the Federal Government of Nigeria declared Tuesday, October 1, 2024, as Public Holiday to commemorate the Independence Day Celebration.

The weekly report of transaction released on Friday by the Exchange showed that the figures were in contrast to a total of 3.318 billion shares valued at N45.911 billion that exchanged hands last week in 49,243 deals.

The report added that the Consumer Goods Industry led the activity chart with 1.341 billion shares valued at N106.099 billion, while the Financial Services Industry followed with 926.615 million shares worth N14.924 billion in 19,174 deals.

The third place was the Oil and Gas Industry, with a turnover of 244.638 million shares worth N7.221 billion in 4,221 deals.

Trading in the top three equities namely Guinness Nigeria Plc, United Bank for Africa Plc and Japaul Gold & Ventures Plc (measured by volume) accounted for 1.708 billion shares worth N110.766 billion in 5,004 deals, contributing 59.47% and 83.40% to the total equity turnover volume and value respectively.

According to the report, a total of 27,532 units valued at N4.950 million were traded this week in 90 deals compared with a total of 92,630 units valued at N42.253 million transacted last week in 135 deals.

In the Bonds section, a total of 135,910 units valued at N135.780 million were traded this week in 18 deals compared with a total of 268,099 units valued at N269.487 million transacted last week in 32 deals.

The NGX All-Share Index and Market Capitalization depreciated by 0.95% to close the week at 97,520.54 and N56.039 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX CG, NGX Pension, NGX Insurance, NGX AFR Bank Value, NGX MERI Growth, NGX MERI Value, NGX Consumer Goods, NGX Oil & Gas and NGX Growth which appreciated 1.21%, 0.61%, 3.81%, 2.69%, 0.23%, 10.87%, 0.34%, 7.29% and 5.43% respectively while the NGX ASeM and NGX  Sovereign Bond indices closed flat.

($1=N1621):

GIK/APA

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