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Financial Services Industry dominates trading at Nigerian bourse

The Financial Services Industry led the activity chart on the floor of the Nigerian Exchange this week with 732.418 million…

The Financial Services Industry led the activity chart on the floor of the Nigerian Exchange this week with 732.418 million shares valued at N7.213 billion traded in 9,131 deals.The weekly report by the Nigerian Exchange on Friday in Lagos showed that the Conglomerates Industry followed with 52.931 million shares worth N170.271 million in 656 deals, while the third place was ICT Industry, with a turnover of 52.716 million shares worth N1.806 billion in 701 deals.

 It added that a total turnover of 1.008 billion shares worth N10.923 billion in 17,297 deals were traded by investors in contrast to a total of 1.348 billion shares valued at N12.140 billion that exchanged hands last week in 21,581 deals.

 Trading in the top three equities namely Guaranty Trust Holding Company Plc, United Bank for Africa Plc and Zenith Bank Plc (measured by volume) accounted for 261.741 million shares worth N5.813 billion in 3,498 deals.

 According to the reports, a total of 7,403 units valued at N486,759.25 were traded this week in 17 deals compared with a total of 34,123 units valued at N784,264.64 transacted last week in 13 deals.

 The NGX All-Share Index and Market Capitalization depreciated by 0.12% to close the week at 37,947.18 and N19.771 trillion respectively.

 Simarly, all other indices finished lower with the exception of NGX Banking, NGX AFR DivYield, NGX MERI Growth, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.09%, 0.32%, 0.15%, 1.81% and 0.64% respectively, while the NGX Premium, NGX ASeM and NGX Growth Indices closed flat.  ($1=N410)

 

 

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