The Nigerian stock market posted higher transaction activity last week, with investors trading 3.2 billion shares valued at N99.7 billion.
Data from the Nigerian Exchange (NGX) showed an increase compared to the previous week, when 3.117 billion shares worth N90.295 billion were exchanged in 118,018 deals.
The Financial Services Industry dominated trading, accounting for 2.282 billion shares valued at N38.812 billion in 57,934 deals. This represented 71.59% of total equity turnover volume and 38.94% of total equity turnover value. The Consumer Goods Industry followed with 198.393 million shares worth N12.836 billion in 17,508 deals.
The most active stocks by volume were FCMB Group Plc, Access Holdings Plc, and Universal Insurance Plc. Together, they accounted for 1.249 billion shares worth N14.277 billion in 10,359 deals, contributing 39.17% of total equity turnover volume and 14.32% of total value.
Market performance also improved, with the NGX All-Share Index rising by 1.12% to close at 140,545.69 points, while market capitalisation stood at N88.92 trillion.
