Nigerian bourse down 0.74% for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 0.74 per cent this week to close the week at 36,646.46 and N12.631 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE Main Board, NSE Banking and NSE Consumer Goods Indices that appreciated by 1.34 per cent, 0.31 per cent and 2.38 per cent respectively.
Thirty-two (32) equities appreciated in price during the week, higher than nineteen (19) equities of the previous week. Forty (40) equities depreciated in price, lower than fifty-one (51) equities of the previous week, while ninety-nine (99) equities remained unchanged lower than one hundred and one (101) equities recorded in the preceding week.
A total turnover of 1.538 billion shares worth N24.218 billion in 19,187 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.394 billion shares valued at N25.037 billion that exchanged hands last week in 23,133 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.209 billion shares valued at N14.210 billion traded in 10,692 deals; thus contributing 78.65 per cent and 58.68 per cent to the total equity turnover volume and value respectively.
The Agriculture Industry followed with 109.646 million shares worth N154.438 million in 321 deals. The third place was occupied by Consumer Goods Industry with a turnover of 83.608 million shares worth N6.247 billion in 3,726 deals.
Trading in the top-three equities namely – Unity Kapital Assurance Plc, Guaranty Trust Bank Plc and AIICO Insurance Plc. (measured by volume) accounted for 579.065 million shares worth N7.900 billion in 1,856 deals, contributing 37.66 per cent and 32.62 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 390 units of Exchange Traded Products (ETPs) valued at N6,511.60 executed in 5 deals compared with a total of 5,168 units valued at N65,570.28 transacted last week in 8 deals.
A total of 3,657 units of Federal Government Bonds valued at N2,866,267.62 were traded this week in 9 deals, compared with a total of 987 units valued at N986,951.99 transacted last week in 1 deals.