Nigerian bourse down 2.27% for the week

The Nigerian Stock Exchange All-Share Index (NSE All-Share Index) and Market Capitalization both depreciated by 2.27 per cent to close the week at 27,919.50 and N13.607 trillion respectively. Similarly, all other indices finished lower.

A total of 15 equities appreciated in price during the week, lower than 18 in the previous week while 52 equities depreciated in price, higher than 39 equities in the previous week as 102 equities remained unchanged, lower than111 equities recorded in the preceding week.

A total turnover of 1.086 billion shares worth N13.390 billion in 15,774 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 988.491 million shares valued at N13.839 billion that exchanged hands last week in 16,414 deals.

The Financial Services industry (measured by volume) led the activity chart with 829.468 million shares valued at N8.493 billion traded in 8,596 deals; thus contributing 76.41 per cent and 63.42 per cent to the total equity turnover volume and value respectively.

The ICT Industry followed with 90.049 million shares worth N851.989 million in 658 deals. The third place was Conglomerates Industry with a turnover of 56.788 million shares worth N84.522 million in 731 deals.

Trading in the top-three equities namely, FBN Holdings Plc, Guaranty Trust Bank plc and United Bank for Africa (UBA) Plc (measured by volume) accounted for 420.921 million shares worth N5.516 billion in 3,430 deals, contributing 38.77 per cent and 41.19 per cent to the total equity turnover volume and value respectively

There was no ETP traded during the week. However a total of 1,115 units valued at N165,837 were executed in 3 deals last week.

A total of 5,666 units of Federal Government Bonds valued at N5.847 billion were traded this week in 17 deals compared with a total of 756 units valued at N730,454.35 transacted last week in 7 deals.