Investors in the Nigerian stock market traded a total turnover of 7.684 billion shares worth N494.126 billion in 116,645 transactions.
The Nigerian Exchange Ltd weekly report made available in Lagos, said this contrasted with 2.735 billion shares valued at N85.197 billion that exchanged hands last week in 127,284 deals.
As a result, the value of transactions traded by investors on the Exchange advanced by 479.9 per cent.
The Financial Services Industry led the activity chart with 6.399 billion
shares valued at N71.807 billion traded in 54,799 transactions.
This contributed 83.27 per cent and 14.53 per cent to 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 third place was the services Industry, with a turnover of 128.647 million shares worth N962.909 million in 5,863 transactions.
Trading in the top three equities, namely Unity Bank Plc, Aradel Holdings Plc and Consolidated Hallmark Holdings Plc, accounted for 5.209 billion shares worth N404.945 billion in 2,667 deals.
This contributed 67.79 per cent and 81.95 per cent to the total equity turnover volume and value, respectively.
The NGX All-Share Index and market capitalisation appreciated by 0.20 per cent and 0.24 per cent to close the week at 142,133.03 and N89.960 trillion, respectively.
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Similarly, all other indices finished higher except for NGX CG, NGX Pension, NGX Insurance, NGX MERI Growth, NGX Oil and Gas, NGX Lotus II, NGX Pension Broad and NGX Commodity Indices.
Each depreciated by 0.08 per cent, 0.15 per cent, 0.91 per cent, 0.35 per cent,1.62 per cent, 0.52 per cent, 0.07% and 0.91 per cent respectively while the NGX AseM and NGX Sovereign Bond indices closed flat.
Thirty-two equities appreciated in price during the week, lower 40 equities in the previous week.
Fifty-one equities depreciated in price, higher than 41 equities in the previous week, while 64 equities remained unchanged, lower than 66 recorded in the previous week.
Thomas Wyatt Nigeria, Secure Electronic Technology, Mecure Industries, Chellaram and Royal Exchange were the top five advancers for the week as they grew in 22.68 per cent, 21.33 per cent, 20.83 per cent, 11.30 per cent and 10.29 per cent, respectively.
They gained 61k, 16k, N4.50, N1.65 and 21k, respectively.
The top five decliners for the week were: Wema Bank, Fidelity Bank, Eterna, Ikeja Hotel and Africa Prudential as they lost N2.55, N2.30 N3.10, N2.25 and N1.45, respectively.
The NGX also notified the trading licence holders that additional 3,166,284,712 ordinary shares of 50Kobo each of FCMB Group Plc were listed on Tuesday, 23 September on the Daily Official List of the NGX.
The additional shares listed on NGX arose from FCMB’s Conversion of N23,113,878,388.75 Loan to Equity.
With this listing of the additional 3,166,284,712 ordinary shares, the total issued and fully paid-up shares of FCMB has now increased from 39,605,421,562 to 42,771,706,274 ordinary shares of 50 Kobo each.
NAN
