NGX Trading Activity Declines to N98.09 Billion

Trading on the Nigerian Exchange Limited (NGX) saw a significant decline during the week, with investors exchanging 1.659 billion shares valued at N98.088 billion, a 38.9% decrease in volume and a 38.0% drop in transaction value compared to the previous week. The NGX All-Share Index (ASI) fell by 0.33% to close at 247,539.73, while market capitalization stood at N160.725 trillion.

Despite the downturn in turnover, market breadth improved, with 50 equities appreciating in price, up from 24 the previous week. The Financial Services Industry was the most active, trading 1.083 billion shares worth N48.967 billion, accounting for 65.31% of total volume.

Livestock Feeds Plc led the gainers with a 44.49% increase, followed by E-Tranzact and Multi-Trex Integrated Foods. On the decliners' side, UPDC Real Estate Investment Trust experienced the largest loss, shedding 11.88%.