The Nigerian stock market recorded a strong rise in weekly turnover last week, as investors traded 7.684 billion shares worth N494.126 billion in 116,645 deals on the floor of the Exchange.
Data from the Nigerian Exchange Group showed the figure was a significant increase from the previous week, when 2.74 billion shares valued at N85.20 billion were traded in 127,284 deals.
The Financial Services Industry dominated activity with 6.399 billion shares valued at N71.807 billion in 54,799 deals, accounting for 83.27% and 14.53% of the total equity turnover volume and value, respectively. The Oil and Gas Industry followed with 730.517 million shares worth N391.364 billion in 7,059 deals.
The Services Industry ranked third with 128.65 million shares valued at N962.91 million across 5,863 deals. Meanwhile, the top three equities, Unity Bank Plc, Aradel Holdings Plc, and Consolidated Hallmark Holdings Plc, accounted for 5.21 billion shares worth N404.95 billion in 2,667 deals, representing 67.79% and 81.95% of total equity turnover volume and value, respectively.
By the close of the week, the NGX All-Share Index rose 0.20% to 142,133.03 points, while Market Capitalisation increased 0.24% to N89.96 trillion.
