Nigerian bourse down 6.38% for the week

The All-Share Index and Market Capitalization depreciated of the Nigeria stock Exchange (NSE) by 6.38 per cent to close the week at 36,816.29 and N13.336 trillion respectively on Friday.

Similarly, all other indices finished lower with the exception of the NSE ASeM Index that closed flat.

Twenty-five (25) equities appreciated in price during the week, higher than fourteen (14) in the previous week. Forty-eight (48) equities depreciated in price, lower than sixty-one (61) equities of the previous week, while ninety-six (96) equities remained unchanged higher than ninety-four (94) equities recorded in the preceding week.

It was a four-day trading session week as the Federal Government of Nigeria declared Tuesday May 29th, 2018, a public holiday to mark the Democracy Day celebration.

A turnover of 2.699 billion shares worth N84.775 billion in 19,715 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 1.372 billion shares valued at N16.022 billion that exchanged hands last week in 21,099 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.451 billion shares valued at N78.417 billion traded in 11,403 deals; thus contributing 90.84% and 92.50% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 76.845 million shares worth N126.358 million in 835 deals. The third place was occupied by Consumer Goods Industry with a turnover of 64.437 million shares worth N4.427 billion in 3,491 deals.

Trading in the top-thee equities namely – Stanbic IBTC Holdings Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 1.626 billion shares worth N70.285 billion in 2,882 deals, contributing 60.23% and 82.91% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 22,080 units of Exchange Traded Products (ETPs) valued at N393,726.30 executed in 10 deals, compared with a total of 70 units valued at N1,943.00 that was transacted last week in 7 deals.

A total of 6,433 units of Federal Government valued at N6.599 million were traded this week in 12 deals, compared with a total of 10,754 units valued at N11.412 million transacted last week in 5 deals.