WEEKLY CAPITAL MARKET SUMMARY – Monday, July 24th, 2023 – Friday, July 28th, 2023

A total turnover of 2.854 billion shares worth N37.645 billion in 41,547 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 4.182 billion shares valued at N99.048 billion that exchanged hands last week in 41,446 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.936 billion shares valued at N27.704 billion traded in 20,839 deals; thus contributing 67.84% and 73.59% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 328.578 million shares worth N2.073 billion in 3,252 deals. The third place was the Conglomerates Industry, with a turnover of 156.660 million shares worth N692.091 million in 2,139 deals.

Trading in the top three equities namely FBN Holding Plc, Japaul Gold & Ventures Plc and United Bank for Africa Plc (measured by volume) accounted for 988.076 million shares worth N13.278 billion in 5,887 deals, contributing 34.62% and 35.27% to the total equity turnover volume and value respectively.

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