Nigerian bourse down 0.03% for the week

The NSE All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) depreciated by 1.34 per cent to close the week at 40,472.45 and N14.660 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE Consumer Goods Index which appreciated by 0.03 per cent, while the NSE ASeM Index closed flat.

A total of twenty (20) equities appreciated in price during the week, higher than thirty-five (35) in the previous week. Fifty-four (54) equities depreciated in price, higher than forty-nine (49) equities of the previous week, while Ninety-five (95) equities remained unchanged higher than eighty-five (85) equities recorded in the preceding week.

A total turnover of 1.457 billion shares worth N23.666 billion in 19,674 deals were traded this week by investors on the floor of the (NSE) in contrast to a total of 1.586 billion shares valued at N25.992 billion that exchanged hands last week in 21,115 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.223 billion shares valued at N16.825 billion traded in 11,092 deals; thus contributing 83.98 per cent and 71.093 per cent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 76.430 million shares worth N5.188 billion in 3,425 deals. The third place was occupied by Oil and Gas Industry with a turnover of 57.193 million shares worth N527.880 million in 2,237 deals.

Trading in the top-three equities namely –Zenith Bank International Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 491.649 million shares worth N14.159 billion in 3,265 deals, contributing 33.75 per cent and 59.83 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 153,246 units of Exchange Traded Products (ETPs) valued at N4.009 million executed in 22 deals, compared with a total of 444,190 units valued at N2.514 million that was transacted last week in 11 deals.

A total of 7,508 units of Federal Government valued at N7.506 million were traded this week in 12 deals, compared with a total of 7,647 units valued at N8.047 million transacted last week in 30 deals.