The financial services industry during the week led activities on the equity market of the Nigerian Exchange Ltd. (NGX) reported as investors traded a total turnover of 1.6 billion shares worth N36.50 billion in 42,546 deals this week.
The NGX weekly market report revealed that this was in contrast to a total of 2.478 billion shares valued at N47.856 billion that exchanged hands last week in 54,982 deals.
According to the report, the financial services industry measured by volume led the activity chart with 1.127 billion shares valued at N18.908 billion traded in 19,424 deals.
The industry, thus contributed 72.27 per cent and 51.81 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 117.400 million shares worth N1.508 billion in 2,775 deals.
The third place was the consumer goods, with a turnover of 98.422 million shares worth N4.008 billion in 6,322 deals.
Trading in the top three equities namely; United Bank for Africa(UBA), FBN Holdings Plc and Guaranty Trust Holding Company Plc(GTCO) measured in volume accounted for 389.286 million shares worth N11.757 billion in 5,372 deals.
This contributed 24.96 per cent and 32.21 per cent to the total equity turnover in volume and value respectively.
Meanwhile, in Exchange Traded Products(ETP’s), investors transacted a total of 27,394 units valued at N16.787 million this week in 239 deals, compared with a total of 3.144 million units valued at N108.299 million traded last week in 659 deals.
In bond, the market traded a total of 639,482 units valued at N638.502 million this week in 24 deals, compared with a total of 69,544 units valued at N67.744 million transacted last week in 35 deals.
Consequently, the NGX All-Share Index and market capitalisation rose by 3.79 per cent to close the week at 105,722.78 and N57.850 trillion respectively.