November 22, 2024
Financial Services Industry dominates trading at Nigerian bourse | APAnews #IndustryFinance

Financial Services Industry dominates trading at Nigerian bourse | APAnews #IndustryFinance

CashNews.co

The Financial Services Industry led the activity chart on the floor of the Nigerian exchange with 1.857 billion shares valued at N15.825 billion traded in 19,937 deals.

The weekly report of transactions released on Friday in Lagos by the Exchange showed that the Oil and Gas Industry followed with 288.807 million shares worth N11.302 billion in 9,365 deals, while the third place was the Services Industry, with a turnover of 177.666 million shares worth N437.174 million in 3,604 deals.

According to the report, a total turnover of 2.821billion shares worth N53.048 billion in 50,488 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 5.641 billion shares valued at N33.052 billion that exchanged hands last week in 42,006 deals.

Trading in the top three equities namely Consolidated Hallmark Holdings Plc, Veritas Kapital Assurance Plc and Access Holdings Plc (measured by volume) accounted for 862.499 million shares worth N 3.795 billion in 3,511deals, contributing 30.57% and 7.15% to the total equity turnover volume and value respectively.

A total of 37,329 units valued at N8.385 million were traded this week in 212 deals compared with a total of 98,004 units valued at N62.225 million transacted last week in 207 deals.

In the Bonds section, a total of 88,071 units valued at N75.396 million were traded this week in 37 deals compared with a total of 101,335 units valued at N88.825 million transacted last week in 36 deals.

The NGX All-Share Index and Market Capitalization appreciated by 0.63% to close the week at 96,579.54 and N55.478 trillion respectively.

Similarly, all other indices finished higher with the exception of NGX CG, NGX Premium, NGX AFR Div Yield and NGX Pension Broad which depreciated 0.42%, 1.72%, 2.38%, and 0.07% respectively, while the NGX ASeM and NGX Sovereign Bond indices closed flat.   ($1=N1596)

GIK/APA