A total of 2.189 billion shares worth N31.303 billion in 39,362 deals were traded in the week ended May 31 by investors on the floor of the Nigerian Exchange (NGX), in contrast to a total of 1.986 billion shares valued at N40.715 billion that exchanged hands in the preceding week in 38,487 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.914 billion shares valued at N23.922 billion traded in 21,717 deals, thus accounting fro 87.41% and 76.42% to the total equity turnover volume and value, respectively. The Oil and Gas Industry followed with 55.349 million shares worth N3.093 billion in 2,109 deals. The third place was occupied by the Agriculture Industry, with a turnover of 45.085 million shares worth N377.619 million in 1,615 deals. Trading in the top three equities namely Abbey Mortgage Bank Plc, Access Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 1.129 billion shares worth N14.914 billion in 6,494 deals, accounting for 51.57% and 47.64% to the total equity turnover volume and value, respectively.
Forty-five (45) equities appreciated in price during the week higher than twenty-four (24) equities in the previous week. Twenty-five (25) equities depreciated in price lower than fifty-three (53) in the previous week, while eighty-four (84) equities remained unchanged, higher than seventy-six (76) recorded in the previous week.
The NGX All-Share Index and Market Capitalization appreciated by 1.73% to close the week at 99,300.38 and N56.172 trillion, respectively. Similarly, all other indices finished higher with the exception of NGX Industrial Goods and NGX Growth which depreciated by 0.13% and 0.29%, respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.