Nigerian bourse trades 1.860bn shares worth over N38.4bn --[Reported by Umva mag]

A total turnover of 1.860 billion shares worth N38.445 billion in 40,228 deals was traded this four-day trading week by investors on the floor of the Nigerian Exchange.

The Federal Government of Nigeria declared Monday, September 16, 2024, as Public Holiday to commemorate 2024 Eid el Maulud celebration.

The weekly report of transactions released on Friday in Lagos by the Exchange showed that the figures were in contrast to a total of 2.584 billion shares valued at N51.205 billion that exchanged hands last week in 50,615 deals.

The report added that the Financial Services Industry led the activity chart with 820.815 million shares valued at N16.149 billion traded in 16,627 deals, while the Oil and Gas Industry followed with 443.711 million shares worth N5.055 billion in 5,319 deals.

The third place was the Conglomerates Industry, with a turnover of 183.729 million shares worth N2.971 billion in 2,510 deals.

Trading in the top three equities namely Japaul Gold & Ventures Plc, FBN Holdings Plc and UACN Plc accounted for 728.034 million shares worth N10.029 billion in 4,374 deals.

According to the report, a total of 146,162 units valued at N14.736 million were traded this week in 151 deals compared with a total of 43,535 units valued at N13.476 million transacted last week in 122 deals.

In the Bonds section, a total of 172,639 units valued at N163.409 million were traded this week in 24 deals compared with a total of 197,343 units valued at N189.520 million transacted last week in 31 deals.

The NGX All-Share Index and Market Capitalization appreciated by 0.81% to close the week at 98,247.99 and N56.457 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX MERI Value, NGX Consumer Goods, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond which depreciated 0.34%, 0.77%, 0.13%, 10.85% and 3.59% respectively while the NGX ASeM index closed flat. ($1=N1587) :

GIK/APA

The following news has been carefully analyzed, curated, and compiled by Umva Mag from a diverse range of people, sources, and reputable platforms. Our editorial team strives to ensure the accuracy and reliability of the information we provide. By combining insights from multiple perspectives, we aim to offer a well-rounded and comprehensive understanding of the events and stories that shape our world. Umva Mag values transparency, accountability, and journalistic integrity, ensuring that each piece of content is delivered with the utmost professionalism.