Financial Services – Agriculture Lead As NGX Records N110.77bn Weekly Turnover

NGX Starts August Higher As Investors Return To Large-Cap Stocks NGX Starts August Higher As Investors Return To Large-Cap Stocks

According to the Exchange’s weekly market report, investors traded 2.02 billion shares valued at N110.77 billion in 173,113 deals during the week.

Gatekeepers News reports that the turnover value represented a 12.9 per cent increase from the N98.09 billion recorded in the preceding week, when 1.66 billion shares were exchanged in 184,632 deals.

The financial services industry led trading activities, accounting for 1.11 billion shares valued at N53.91 billion in 81,787 deals. This represented 54.89 per cent of the total trading volume and 48.66 per cent of the value of transactions.

The consumer goods sector followed with 394.04 million shares worth N9.81 billion, while the agricultural sector ranked third with 147.17 million shares valued at N2.82 billion.

Meanwhile, Multitrex Integrated Foods, Zenith Bank and Livestock Feeds emerged as the three most traded stocks by volume, recording a combined turnover of 521.57 million shares valued at N19.09 billion.

Despite the increase in trading activities, the market closed lower, as the All-Share Index and market capitalisation declined by 0.13 per cent to 247,222.27 points and N160.52 trillion, respectively.