Nigerian bourse down 0.16% for the week

All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) depreciated by 0.61 per cent to close the week at 32,515.52 and N12.126 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE ASem, NSE Banking, NSE Insurance NSE-AFR Bank Value and NSE Oil/Gas indices which rose by 0.96 per cent, 0.68 per cent, 0.02 per cent 0.95 per cent and 0.13 per cent respectively.

Thirty-four (34) equities appreciated in price during the week, lower than sixty (60) in the previous week. Thirty-eight (38) equities depreciated in price, higher than twenty-one (21) equities of the previous week, while ninety-six (96) equities remained unchanged higher than eighty-seven (87) equities recorded in the preceding week.

A turnover of 1.481 billion shares worth N17.647 billion in 20,449 deals were traded last week by investors on the floor of the Exchange  in contrast to a total of 2.834 billion shares valued at N28.138 billion that exchanged hands last week in 28,739 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.038 billion shares valued at N10.170 billion traded in 12,232 deals; thus contributing 70.07 per cent and 57.63 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 193.204 million shares worth N306.521 million in 1,330 deals. The third place was Consumer Goods Industry with a turnover of 72.042 million shares worth N4.381 billion in 2,990 deals.

Trading in the top-three equities namely, Transnational Corporation of Nigeria Plc, Sterling Bank Plc and Access Bank Plc (measured by volume) accounted for 421.500 million shares worth N1.274 billion in 2,979 deals, contributing 28.46 per cent and 7.22 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 23,701 units of Exchange Traded Products (ETPs) valued at N3.020 million executed in 4 deals compared with a total of 1.271 million units valued at N9.782 million that was transacted last week in 7 deals.

A total of 5,845 units of Federal Government Bonds valued at N6.158 million were traded this week in 18 deals compared with a total of 1,460 units valued at N1.472 million transacted last week in 9 deals.