Nigerian bourse trades 1.447bn shares worth over N73.8bn --[Reported by Umva mag]

A total turnover of 1.447 billion shares worth N73.889 billion in 39,546 deals was traded this week by investors on the floor of the Nigerian Exchange.

The weekly report of trading released on Friday in Lagos by the Exchange showed that the figures were in contrast to a total of 2.966 billion shares valued at N31.508 billion that exchanged hands last week in 42,482 deals.

It added that the Financial Services Industry led the activity chart with 886.971 million shares valued at N16.943 billion traded in 17,045 deals while the Oil and Gas Industry followed with 257.578 million shares worth N52.067 billion in 9,798 deals.

Third place was the Services Industry, with a turnover of 69.620 million shares worth N330.878 million in 2,069 deals.

According to the report, trading in the top three equities namely Japaul Gold and Ventures Plc, United Bank for Africa Plc and Zenith Bank Plc accounted for 420.318 million shares worth N8.417 billion in 5,146 deals, contributing 29.05% and 11.39% to the total equity turnover volume and value respectively.

A total of 6,528 units valued at N2.174 million were traded this week in 46 deals compared with a total of 25,375 units valued at N5.583 million transacted last week in 81 deals.

In the Bonds section, a total of 17,904 units valued at N14.602 million were traded this week in 14 deals compared with a total of 116,571 units valued at N118.453 million transacted last week in 11 deals.

The NGX All-Share Index and Market Capitalization appreciated by 0.48% and 5.95% to close the week at 98,070.28 and N59.425 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX CG, NGX Banking NGX Insurance, NGX AFR Bank Value, NGX MERI Value and NGX Sovereign Bond which depreciated 0.21%, 0.51%, 1.23%, 0.09%, 0.65% and 3.29% respectively while the NGX ASeM index closed flat.  ($1= N1652)

GIK/APA

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