The Nigerian Exchange (NGX) recorded a 10.4 percent decline in the value of shares traded in the week ended August 21. Investors exchanged ₦157.76 billion for 6.24 billion shares in 186,496 deals, down from 12.15 billion shares in 224,146 deals the week prior.
The NGX all-share index (ASI) and market capitalisation also depreciated by 1.35 percent and 1.33 percent, respectively, to close the week at 239,351.16 and ₦154.53 trillion.
The financial services sector accounted for 89.62 percent of the total equity turnover volume and 35.77 percent of the total value traded. The sector traded 5.59 billion shares worth ₦56.43 billion, followed by the ICT industry with 143.70 million shares valued at ₦29.79 billion.
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