This week, investors on the Nigerian Exchange Ltd. (NGX) traded 2.606 billion shares, amounting to ₦63.785 billion in 77,593 transactions.
This figure represents a decrease from the previous week, where 2.645 billion shares were exchanged for ₦77.005 billion across 86,110 deals, resulting in a 20.7 per cent drop in total transaction value.
The financial services sector led the trading volume with 1.540 billion shares worth ₦28.963 billion over 32,805 transactions, accounting for 59.08 per cent of the total volume and 45.41 per cent of the overall value traded.
Following this, the services industry traded 286.833 million shares valued at ₦1.711 billion in 6,280 deals, while the consumer goods sector ranked third, trading 202.565 million shares worth ₦7.439 billion through 9,708 transactions.
The most actively traded equities included FCMB Group Plc, Access Holdings Plc, and Tantalizer Plc, which collectively accounted for 600.684 million shares valued at ₦6.570 billion in 7,201 transactions, representing 23.05 per cent of turnover volume and 10.30 per cent of total value.
The NGX All-Share Index rose by 0.90 per cent, closing at 109,710.37 points, and market capitalisation increased to ₦68.953 trillion by the end of the week.
Despite the overall positive trend in sectoral indices, the NGX Premium and NGX Lotus II experienced slight declines of 0.05 and 0.92 per cent, respectively.
During the week, 61 equities recorded gains, a decrease from 68 the previous week, while 31 equities faced losses, up from 28. Additionally, 56 equities remained unchanged, compared to 52 in the prior week.
The top decliners included Multiverse Mining, Union Dicon Salt, NAHCO, University Press, and Legend Internet, priced at ₦1.95, ₦1.00, ₦8.00, 44k, and 60k, respectively.
On the other hand, notable gainers included Beta Glass, Champion Breweries, Caverton Offshore, FTN Cocoa, and Northern Nigeria Flour Mills, which saw increases of 46.31, 42.08, 37.70, 36.32, and 32.49 per cent, respectively, with gains of ₦72.40, ₦2.02, ₦1.15, 69k, and ₦29.40 for the week.
(NAN).
