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The Nigerian equity market recorded lower activity last week, with trading volume falling to 3.2 billion shares worth N85.4 billion, down from 4.8 billion shares valued at N107.4 billion in the prior week.
Data from the Nigerian Exchange (NGX) shows that 142,477 deals were executed, compared to 152,965 deals the week before.
The Financial Services Industry led the activity chart with 2.2 billion shares worth N42.689 billion in 66,808 deals, accounting for 68.61% of total turnover volume and 49.99% to total value.
The Consumer Goods Industry followed with 277.881 million shares worth N9.910 billion in 15,518 deals. Third place was the Services Industry, with a turnover of 178.992 million shares worth N1.308 billion in 7,580 deals.
Trading in the top three equities in terms of volume were FCMB Group Plc, Champion Breweries Plc, and Access Holdings Plc, accounting for 778.603 million shares worth N13.155 billion in 11,288 deals, contributing 24.34% to total equity turnover volume and 15.40% to the total value.
Furthermore, market activities were down on Friday as the Total Volume and Total Value of trades decreased by -50.83% and -63.28% respectively. Approximately 435.14 million units valued at ₦10,391.10 million were transacted across 25,609 deals.
The NGX All-Share Index and Market Capitalization depreciated by 0.50% and 0.49% to close the week at 140,295.50 and N88.769 trillion, respectively.
