Nigerian bourse down 0.63% for the week

The Nigerian Stock Exchange (NSE)  All-Share Index depreciated by 0.63 per cent while Market Capitalization depreciated by 0.58 per cent to close the week at 30,672.79 and N11.204 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE ASeM, NSE Banking, NSE Insurance and NSE Industrial Goods Indices that rose by 0.71 per cent, 0.18 per cent, 0.20 per cent, and 0.81 per cent respectively.

Thirty-four (34) equities appreciated in price during the week, higher than thirty (30) in the previous week. Thirty-seven (37) equities depreciated in price, lower than thirty-eight (38) of the previous week, while ninety-eight (98) equities remained unchanged lower than one hundred and one (101) equities recorded in the preceding week.

A total turnover of 1.169 billion shares worth N14.762 billion in 14,554 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.107 billion shares valued at N11.192 billion that exchanged hands last week in 14,430 deals.

The Financial Services Industry (measured by volume) led the activity chart with 983.374 million shares valued at N9.358 billion traded in 8,484 deals; thus contributing 84.15 per cent and 63.39 per cent to the total equity turnover volume and value respectively.

The Healthcare Industry followed with 44.802 million shares worth N183.753 million in 253 deals. The third place was Consumer Goods Industry with a turnover of 42.758 million shares worth N3.553 billion in 2,227 deals.

Trading in the top-three equities namely Zenith Bank Plc, FBN Holdings Plc, and United Bank for Africa Plc, (measured by volume) accounted for 438.938 million shares worth N 5.691 billion in 2,962 deals, contributing 37.56 per cent and 38.55 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 316 units of Exchange Traded Products (ETPs) valued at N849,000 executed in 5 deals compared with a total of 84,714 units valued at N1.219 million that was transacted last week in 10 deals.

A total of 10,934 units of Federal Government Bonds valued at N10.746 million were traded this week in 31 deals compared with a total of 2,908 units valued at N2.516 million transacted last week in 11 deals