Guinness, UBA, Japaul Gold contribute 59.4% and  88.40% volume and value respectively for the week

Trading in the top-three equities namely Guinness Nigeria Plc, United Bank for Africa Plc and Japaul Gold & Ventures Plc (measured by volume) accounted for 1.708 billion shares worth N110.766 billion in 5,004 deals, contributing 59.47% and 83.40% to the total equity turnover volume and value respectively for the week ended October 4, 2024.

The market opened for four trading days in the week as the Federal Government of Nigeria declared Tuesday October 1, 2024, as Public Holiday to commemorate the Independence Day Celebration.

Meanwhile, a total turnover of 2.872 billion shares worth N132.811 billion in 39,867 deals was traded in the week by investors on the floor of the Exchange, in contrast to a total of 3.318 billion shares valued at N45.911 billion that exchanged hands last week in 49,243 deals.

The Consumer Goods Industry (measured by volume) led the activity chart with 1.341 billion shares valued at N106.099 billion traded in 4,652 deals; thus contributing 46.68% and 79.89% to the total equity turnover volume and value respectively.

The Financial Services Industry followed with 926.615 million shares worth N14.924 billion in 19,174 deals. The third place was the Oil and Gas Industry, with a turnover of 244.638 million shares worth N7.221 billion in 4,221 deals.