Nigerian bourse down 0.37% last week

The NSE All-Share Index depreciated by 0.37 per cent last week on The Nigerian Stock Exchange (NSE), while Market Capitalization appreciated by 0.38 per cent  to close the week at 36,499.67 and N13.322 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE CG, NSE 30, NSE Banking and the NSE Oil/Gas Indices that appreciated by 0.55 per cent, 0.10 per cent, 0.83 per cent and 6.76 per cent respectively.

The market witnessed a total turnover of 1.391 billion shares worth N20.316 billion in 20,064 deals were traded in the week by investors  in contrast to a total of 1.417 billion shares valued at N16.739 billion that exchanged hands the upper week in 19,832 deals.

The Financial Services Industry (measured by volume) led the activity chart with 824.153 million shares valued at N9.274 billion traded in 11,620 deals; thus contributing 59.23% and 45.65% to the total equity turnover volume and value respectively.

The Services Industry followed with 308.871 million shares worth N1.256 billion in 610 deals. The third place was occupied by Consumer Goods Industry with a turnover of 86.151 million shares worth N8.073 billion in 3,103 deals.

Trading in the top-three equities namely – Nigerian Aviation Handling Co. Plc, United Bank for Africa Plc and Zenith International Bank Plc (measured by volume) accounted for 460.997 million shares worth N5.273 billion in 2,513 deals, contributing 33.13% and 25.95% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 2,304 units of Exchange Traded Products (ETPs) valued at N376,541.65 executed in 16 deals, compared with a total of 344 units valued at N50,021.24 that was transacted last week in 5 deals.

A total of 16,463 units of Federal Government Bond valued at N18.200 million were traded this week in 27 deals compared with a total of 7,518 units valued at N7.668 million transacted last week in 9 deals.