NGX Turnover Surpasses N110bn Amid Sectoral Growth

The Nigerian Exchange Limited (NGX) reported a significant rise in trading activity, with investors exchanging 2.02 billion shares valued at N110.77 billion in 173,113 deals during the week. This marks an increase from the previous week's turnover of N98.09 billion, which involved 1.66 billion shares traded in 184,632 deals.

According to the NGX weekly market report, the trading volume saw a 22 percent increase, while the number of deals decreased by 6.2 percent. Financial services and agricultural sectors were identified as key contributors to the heightened trading activity.

The NGX's weekly report highlights the continued influence of financial services and agriculture on market dynamics, with these sectors driving the overall growth in turnover and trade volume.