Nigerian bourse dip by 1.12% last week

The NSE All-Share Index and Market Capitalization depreciated by 1.12 per cent and 0.57 per cent to close trading transactions on the Nigerian Stock Exchange  last week at 36,703.58 and N12.774 trillion respectively.

Similarly, all other indices finished lower during the week with the exception of the NSE Oil/Gas Index that appreciated by 0.85 per cent.

Twenty (20) equities appreciated in price during the week, lower than thirty (30) of the previous week. Forty-three (43) equities depreciated in price, higher than twenty-nine (29) equities of the previous week, while one hundred and eight (108) equities remained unchanged lower than one hundred and twelve (112) equities recorded in the preceding week.

A total of 2.804 billion shares worth N54.776 billion in 17,792 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.316 billion shares valued at N13.784 billion that exchanged hands last week in 19,169 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.352 billion shares valued at N8.995 billion traded in 9,364 deals; thus contributing 83.88 per cent and 16.42 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 178.982 million shares worth N16.849 billion in 4,297 deals. The third place was occupied by Industrial Goods Industry with a turnover of 140.570 million shares worth N27.848 billion in 794 deals.

Trading in the top-three equities namely – Sovereign Trust Insurance Plc, FBN Holdings Plc and Dangote Cement Plc (measured by volume) accounted for 1.917 billion shares worth N29.875 billion in 2,130 deals, contributing 68.37 per cent and 54.54 per cent to the total equity turnover volume and value respectively.

There were no trades recorded in Exchange Traded Products (ETPs) during the week compared with a total of 1,210 units valued at N13,467.70 transacted upper  week in two deals.

A total of 5,950 units of Federal Government Bonds valued at N6.247 million were also traded during the week in two deals, compared with a total of 2,806 units valued at N2.623 million transacted last week in 16 deals.