Index and market cap dip by 1.15%, 0.93% for the week

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange depreciated by 1.15 per cent  and 0.93 per cent to close the week at 26,981.60 and N9.288 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception of the NSE Insurance, NSE Lotus II and NSE Industrial Goods Indices that depreciated by 1.29 per cent, 2.11 per cent and 2.98 per cent respectively while the NSE ASeM Index closed flat.

Twenty-four (24) equities appreciated in price during the week, higher than twenty-one (21) equities of the previous week. Thirty-seven (37) equities depreciated in price, lower than forty-one (41) equities of the previous week, while one hundred and twenty (120) equities remained unchanged higher than one hundred and eighteen (118) equities recorded in the preceding week.

A turnover of 873.838 million shares worth N8.024 billion in 15,944 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 678.710 million shares valued at N6.875 billion that exchanged hands last week in 11,808 deals.

The Financial Services Industry (measured by volume) led the activity chart with 654.180 million shares valued at N2.837 billion traded in 9,835 deals; thus contributing 74.86 per cent and 35.36 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 74.722 million shares worth N4.141 billion in 2,367 deals. The third place was occupied by the Conglomerates Industry with a turnover of 61.617 million shares worth N93.366 million in 666 deals.

Trading in the Top Three Equities namely – Sterling Bank Plc, FCMB Group Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 250.205 million shares worth N237.138 million in 3,654 deals, contributing 28.63 per cent and 2.96 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 56,688 units of Exchange Traded Products (ETPs) valued at N817,310.72 executed in 31 deals, compared with a total of 5.079 million units valued at N49.828 million transacted last week in 57 deals.

A total of 13,020 units of Federal Government Bonds valued at N12.953 million were traded in 14 deals compared to a total of 4,100 units of Federal Government Bonds valued at N4.287 million transacted last week in 3 deals.