Nigerian bourse down 2.41% for the week

The All-Share Index of the Nigerian Stock Exchange (NSE) depreciated by 2.41 per cent while the Market Capitalization appreciated by 7.91 per cent to close the week at 28,566.79 and N13.922 trillion respectively.

All other indices finished lower with the exception of the NSE Banking Index that rose by 0.78 per cent while the NSE ASeM Index closed flat

Eighteen (18) equities appreciated in price during the week, lower than Twenty-one (21) in the previous week. Thirty-nine (39) equities depreciated in price, lower than Forty-four (44) equities in the previous week, while one hundred and eleven (111) equities remained unchanged, higher than one hundred and three (103) equities recorded in the preceding week.

A total turnover of 988.491 million shares worth N13.839 billion in 16,414 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.025 billion shares valued at N9.911 billion that exchanged hands last week in 19,375 deals.

The Financial Services industry (measured by volume) led the activity chart with 769.350 million shares valued at N7.238 billion traded in 8,530 deals; thus contributing 77.83 per cent and 52.30 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 55.223 million shares worth N92.483 million in 719 deals. The third place was ICT Industry with a turnover of 42.080 million shares worth N4.144 billion in 839 deals.

Trading in the top-three equities namely, Zenith Bank Plc, FBN Holdings Plc and Wapic Insurance Plc (measured by volume) accounted for 348.839 million shares worth N3.520 billion in 2,703 deals, contributing 35.29 per cent and 25.44 per cent to the total equity turnover volume and value respectively.

A total of 1,115 units valued at N165,837 were traded this week in 3 deals compared with a total of 12,375 units valued at N6.223 million that was transacted last week in 8 deals

A total of 756 units of Federal Government Bonds valued at N730,454.35 were traded this week in 7 deals compared with a total of 1.007 million units valued at N1.024 billion transacted last week in 14 deals.