A total turnover of 1.665 billion shares worth N14.834 billion (about $48.636 million) in 18,795 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE).The weekly report of trading released by the NSE on Friday in Lagos showed that the figures were in contrast to a total of 1.219 billion shares valued at N17.333 billion that exchanged hands last week in 17,362 deals.

It added that the Financial Services Industry led the activity chart with 1.056 billion shares valued at N10.224 billion traded in 10,056 deals.

According to the report, the Services Industry followed with 264.289 million shares worth N549.693 million in 592 deals, while the third place was occupied by Conglomerates Industry with a turnover of 134.374 million shares worth N199.566 million in 1,286 deals.

Trading in the Top Three Equities namely – Sterlng Bank Plc, Medview Airline Plc and Zenith International Bank Plc accounted for 719.386 million shares worth N4.209 billion in 1,961 deals.

A total of 340 units of Exchange Traded Products (ETPs) valued at N33,660.20 were also executed in 6 deals during the week compared with a total of 79,304 units valued at N1.491 million that was transacted last week in 18 deals

On the Bonds section, a total of 17,251 units of Federal Government Bond valued at N17.943 million were traded this week in 18 deals compared with a total of 13,517 units valued at N14.899 million transacted last week in 30 deals

The NSE All-Share Index and Market Capitalization depreciated by 2.11% to close the week at 36,603.44 and N13.260 trillion respectively.

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Similarly, all other indices finished lower with the exception of the NSE Insurance Index that appreciated by 0.08%.

($1=N305)