Nigerian equities market down 2.51%for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 2.51 per cent to close the week at 30,636.36 and N11.424 trillion respectively last week.
Similarly, all other indices finished lower with the exception of the NSE Oil/Gas Index that rose by 0.05 per cent.
A total of 16 equities appreciated in price during the week, lower than 40 in the previous week. Fifty (50) equities depreciated in price, higher than twenty-five (25) of the previous week, while one hundred and two (102) equities remained unchanged lower than one hundred and three (103) equities recorded in the preceding week.
A turnover of 1.452 billion shares worth N14.788 billion in 19,318 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 1.807 billion shares valued at N17.232 billion that exchanged hands last week in 18,332 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.204 billion shares valued at N10.500 billion traded in 12,671 deals; thus contributing 82.95 per cent and 71.00 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 93.206 million shares worth N138.014 million in 916 deals. The third place was Consumer Goods Industry with a turnover of 71.404 million shares worth N3.170 billion in 2,698 deals.
Trading in the top-three equities namely, United Bank for Africa Plc, Zenith Bank Plc and Consolidated Hallmark Insurance Plc (measured by volume) accounted for 447.620 million shares worth N4.453 billion in 3,193 deals, contributing 30.83 per cent and 30.11 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 668 units of Exchange Traded Products (ETPs) valued at N58,897.50 executed in 21 deals compared with a total of 34,341 units valued at N440,166.37 that was transacted last week in 7 deals.
A total of 4,336 units of Federal Government Bonds valued at N4.308 million were traded this week in 26 deals compared with a total of 3,498 units valued at N3.131 million transacted last week in 20 deals.