Nigerian bourse records 3.12 % depreciation for the week

The Nigeria Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 3.12 per cent to close the week at 35,504.62 and N12.237 trillion respectively.
It was a four-day trading week as the Federal Government of Nigeria declared Friday, 1st and Monday 4th of September, 2017 as Public Holidays in commemoration of the Eid -el-Kabir Sallah celebration.
All other Indices on The Exchange finished lower during the week with the exception of the NSE Insurance and NSE Oil/Gas Indices that appreciated by 1.90 per cent and 0.29 per cent respectively.
The NSE ASeM Index closed flat Nineteen (19) equities appreciated in price during the week, lower than thirty-two (32) of the previous week. Forty-eight (48) equities depreciated in price, higher than forty (40) equities of the previous week, while one hundred and four (104) equities remained unchanged higher than one ninety-nine (99) equities recorded in the preceding week.
A turnover of 998.973 million shares worth N11.455 billion in 13,626 deals were traded this week by investors on the floor of NSE in contrast to a total of 1.538 billion shares valued at N24.218 billion that exchanged hands last week in 19,187 deals.
The Financial Services Industry (measured by volume) led the activity chart with 838.247 million shares valued at N5.134 billion traded in 7,884 deals; thus contributing 83.91% and 44.82% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 45.589 million shares worth N3.225 billion in 2,759 deals. The third place was occupied by Conglomerates Industry with a turnover of 35.563 million shares worth N60.673 million in 627 deals
Trading in the top-three Equities namely–Custodian and Allied Plc, Sovereign Trust Insurance Plc and Fidelity Bank Plc. (measured by volume) accounted for 383.065 million shares worth N829.743 million in 650 deals, contributing 38.34 per cent and 7.24 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 86,063 units of Exchange Traded Products (ETPs) valued at N838,754.79 executed in 8 deals compared with a total of 390 units valued at N6,511.60 transacted last week in 5 deals.
A total of 12,244 units of Federal Government Bonds valued at N12.374million were traded this week in 11 deals, compared with a total of 3,657 units valued at N2,866,267.62 transacted last week in 9 deals.