Equities investors will commence trading at the Nigerian stock market on Wednesday following yesterday and today’s public holidays to celebrate the Muslim festival, Eid-el Kabir. Last week, a total turnover of 2.633 billion shares worth N43.652 billion in 33,709 deals was traded by investors on the floor of the Exchange, in contrast to a total of 1.703 billion shares valued at N30.495 billion that exchanged hands the previous week in 37,765 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.176 billion shares valued at N31.741 billion traded in 17,295 deals; thus contributing 82.64 per cent and 72.72 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 176.983 million shares worth N5.309 billion in 3,785 deals.
The third place was the Oil and Gas Industry, with a turnover of 71.184 million shares worth N3.906 billion in 2,648 deals. Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 1.351 billion shares worth N20.222 billion in 6,631 deals, contributing 51.31 per cent and 46.33 per c3nt to the total equity turnover volume and value respectively. The NGX All-Share Index and Market Capi.
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