NGX turnover hits N158.29bn ahead of Q3 results

Stories by Chukwuma Umeorah
Investors traded shares worth N158.29 billion on the Nigerian Exchange Limited (NGX) last week as market participants repositioned their portfolios ahead of third-quarter corporate earnings releases, despite a 0.97 per cent decline in the All-Share Index (ASI).
The turnover represented an increase of N3.27 billion, or 2.11 per cent, from the N155.02 billion recorded in the preceding week, indicating higher transaction value amid a decline in the volume of shares traded. The market recorded 2.715 billion shares exchanged in 209,986 deals during the week, compared with 3.166 billion shares traded in 206,662 deals in the previous week. While trading volume f...