Trading activity on the Nigerian Exchange Limited (NGX) dipped last week, with investors exchanging 2.05 billion shares worth ₦51.01 billion across 60,016 deals.
This marks a significant drop from the previous week’s 3.2 billion shares valued at ₦76.3 billion in 61,312 deals. The NGX attributed the 33% decline to the shortened trading window caused by the federal government’s declaration of June 9 and 13 as public holidays for Eid el-Kabir and Democracy Day.
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The Financial Services sector led the market, accounting for over half of both volume and value—1.06 billion shares worth ₦26.37 billion traded in 27,201 deals.
The Services Industry followed, with 490.3 million shares worth ₦1.59 billion, while the Consumer Goods sector came third, recording 122.8 million shares valued at ₦5.84 billion.
Analysts expect normal trading patterns to resume as the full work week returns.
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