Nigerian bourse depreciates by 1.25% for the week

The All-Share Index and Market Capitalization of the Nigerian Stock Exchange (NSE) depreciated by 1.25 per cent last week to close at 28,847.81 and N10.842 trillion respectively.
In the week under review, 18 equities appreciated in prices, lower than 32 in the previous week even as 49 equities depreciated in price, higher than 44 of the previous week, while 101 equities remained unchanged, higher than 92 equities recorded in the preceding week.
Similarly, all other indices finished lower with the exception of the ASeM Index which closed flat.
A total turnover of 1.477 billion shares worth N10.876 billion in 20,740 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 1.470 billion shares valued at N15.498 billion that exchanged hands last week in 18,092 deals.
The Financial Services Industry (measured by volume) led the activity chart with 919.604 million shares valued at N7.544 billion traded in 11,975 deals; thus contributing 62.28% and 69.36% to the total equity turnover volume and value respectively.
The ICT Industry followed with 204.019 million shares worth N58.786 million in 570 deals. The third place was Oil and Gas Industry with a turnover of 154.554 million shares worth N251.781 million in 1,735 deals.
Trading in the top-three equities namely, Access Bank Nigeria Plc, Courtville Business Solutions Plc and United Bank for Africa Plc (measured by volume) accounted for 503.716 million shares worth N2.338 billion in 2,754 deals, contributing 34.11 per cent and 21.50 per cent to the total equity turnover volume and value respectively.
A total of 97,154 units of Exchange Traded Products (ETPs) valued at N1.318 million executed in 2 deals compared with a total of 1.190 million units valued at N10.967 million transacted last week in 12 deals.
A total of 265 units of Federal Government Bonds valued at N281,654.91 were traded this week in 5 deals compared with a total of 14,589 units valued at N15.164 million transacted last week in 12 deals.