Nigerian Exchange Limited

Written by on May 23, 2022

A turnover of 3.021 billion shares worth 31.8 billion naira was recorded in 29,153 deals by investors on the floor of the Nigerian Exchange Limited last week.

The volume of shares traded was, however, higher than 1.8 billion units worth 27.2 billion naira that exchanged hands in 36,286 deals during the week ended May 13, 2022.

Specifically, the financial services industry (measured by volume) led the activity chart with 2.24 billion shares valued at 12.4 billion naira traded in 10,817 deals; therefore, contributing 74.30 per cent to the total equity turnover volume.

The conglomerate industry followed with 345.8 million units worth 558.9 million naira in 1,676 deals, while the consumer goods industry ranked third with a turnover of 149 million shares worth 2.8 billion naira in 5,632 deals.

Trading in the top three equities namely, First City Monument Bank (FCMB) Group Plc, Jaiz Bank Plc and Transnational Corporation Plc (measured by volume) accounted for 1.7 billion shares worth 4 billion naira in 2,188 deals, contributing 56.2 per cent to the total equity turnover.

Further breakdown of last week’s transactions showed that a total of 141,582 units valued at 3 million naira were traded in 17 deals compared to a total of 175,506 units worth 6.8 million naira transacted in 36 deals.

Kevin Madu

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