Nigerian bourse down by 3.35% for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 3.35 per cent to close the week at 36,920.56 and N12.726 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE ASeM Index that closed flat.
A total of 19 equities appreciated in price during the week, lower than 32 equities of the previous week, 51 equities depreciated in price, higher than 37 of the previous week, while 101 equities remained unchanged lower than 102 equities recorded in the preceding week.
A total turnover of 1.394 billion shares worth N25.037 billion in 23,133 deals were traded this week by investors on the Exchange in contrast to a total of 1.518 billion shares valued at N28.868 billion that exchanged hands last week in 23,053 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.185 billion shares valued at N15.073 billion traded in 13,728 deals; thus contributing 84.99% and 60.20 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 90.576 million shares worth N7.384 billion in 4,687 deals. The third place was occupied by Conglomerates Industry with a turnover of 40.906 million shares worth N87.613 million in 796 deals.
Trading in the top-three equities namely – Access Bank Plc, Zenith International Bank Plc and Guaranty Trust Bank Plc. (measured by volume) accounted for 655.596 million shares worth N12.182 billion in 4,881 deals, contributing 47.02 per cent and 48.65 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 5,168 units of Exchange Traded Products (ETPs) valued at N65,570.28 executed in 8 deals compared with a total of 2,461 units valued at N296,837.94 transacted last week in 9 deals.
A total of 987 units of Federal Government Bonds valued at N986,951.99 were traded this week in 1 deal, compared with a total of 9,615 units valued at N8.301million transacted last week in 21 deals.