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This is in contrast to a total of 6.4 billion shares worth 47.94 billion naira exchanged in the preceding week in 60,803 deals.
No transactions were recorded in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The banking sub-sector was the most active during the week measured by turnover volume, with 1.9 billion shares worth 23.44 billion naira exchanged by investors in 29,516 deals.
Volume in the banking sub-sector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the Bank accounted for 888.01 million shares, representing 46.6% of the sub-sector's turnover.
The Insurance sub-sector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week's activity chart with a turnover of 1.55 billion shares valued at N1.6 billion in 6,406 deals.
Last week, the banking sub-sector led on the activity chart and was followed by the Insurance sub-sector.
The All-Share Index dropped by 6.65% to close at 44,357.08. The market capitalization of the 210 First -Tier equities closed lower at N9.04 trillion.
Eleven stocks appreciated in price during the week, lower than the 26 in the pre ceding week.
Mobil Oil Nigeria Plc led on the gainers' table with N87.00 to close at N402.00 per share while Chevron Oil Nigeria Plc followed with N79.10 to close at N365.54 per share.
Other top 10 price gainers include Julius Berger Nigeria Plc, International Breweries Plc, First Bank of Nigeria Plc, UACN Plc, Ferdinand Oil Mills Plc, Hallmark Paper Products Plc, Aso Savings & Loans Plc and The Okomu Oil Palm Plc.
Eighty-seven stocks depreciated in price during the week, higher than the 80 in the preceding week.
Nestle Nigeria Plc led on the price losers' table, dropping by N17.00 to close a t N180.00 per share while Oando Plc followed with a loss of N14.53 to close at N 1 34.62 per share.
Other price losers in the top 10 category are Benue Cement Company Plc - N7.81 • Guinness Nigeria Plc, Dangote Sugar Refinery Plc, Flour Mills of Nigeria Plc, U nited Bank for Africa Plc, Nigerian Breweries Plc - N3.99,Ashaka Cement Plc and
UACN Property Dev. Co. Plc.
Meanwhile, technical suspension was imposed on Nigerian-German Chemicals Plc on Tuesday, August 19, 2008 having received the Company's application to undertake s upplementary share offering.
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