Business activities on the floor of the Nigeria Exchange Group Limited (NGX) closed on the red line this week.
Investors witnessed a drop in the NGX All-Share Index and Market Capitalization as both depreciated by 0.14% to close the week at 51,705.61 and N27.875 trillion respectively.
Similarly, all other indices finished lower with the exception of the NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX Afri bank value, NGX Oil/Gas and NGX Lotus indices which appreciated at 0.86%, 1.50%, 0.33%, 0.40%, 0.16%, 0.32% and 0.55% respectively while, the NGX Asem and NGX Growth indices closed flat.
A total turnover of 1.121 billion shares worth N13.703 billion in 22,350 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 940.892 million shares valued at N11.494 billion that exchanged hands last week in 20,077 deals.
The Financial Services Industry when measured by volume led the activity chart with 806.824 million shares valued at N6.075 billion traded in 11,071 deals, contributing 71.99% and 44.33% to the total equity turnover volume and value.
The Oil and Gas Industry followed with 95.031 million shares worth N1.449 billion in 1,849 deals.
The third place was the Conglomerates Goods Industry, with a turnover of 66.716 million shares worth N169.517 million in 733 deals.
The week ended with 16 equities appreciating in prices higher than 13 equities recorded in the previous week.
Also, 56 equities depreciated in prices higher than 51 equities in the previous week, while 84 equities remained unchanged lower than 92 equities recorded in the previous week.
Trading in the top three equities namely FCMB Group Plc, United Bank for Africa Plc and Oando Plc when measured by volume accounted for 407.770 million shares worth N2.009 billion in 2,181 deals, contributing 36.39% and 14.66% to the total equity turnover volume and value.
