Nigerian bourse down 1.038% last week

The Nigerian Stock Exchange (NSE)  All-Share Index and Market Capitalization depreciated by 1.038 percent  and 1.032 per cent to close last week at 27,630.46 and N13.464 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE ASeM and NSE Industrial Goods Indices which appreciated by 0.17 per cent and 0.98 per cent respectively.

Thirty-two (32) equities appreciated in price during the week, higher than Thirty-one (31) equities in the previous week. Twenty-seven (27) equities depreciated in price, lower than Twenty-nine (29) equities in the previous week, while one hundred and nine (109) equities remained unchanged, the same as one hundred and nine (109) equities recorded in the preceding week.

A total of 87,142 units valued at N1.180 million were traded this week in 18 deals compared with a total of 753 units valued at N102,213.02 transacted last week in 8 deals.

A total of 433,774 units of Federal Government Bonds valued at N445.318 million were traded this week in 16 deals compared with a total of 22,242 units valued at N22.559 million transacted last week in 15 deals.

A total turnover of 759.266 million shares worth N 14.038 billion in 16,209 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.069 billion shares valued at N11.393 billion that exchanged hands last week in 16,346 deals.

The Financial Services industry (measured by volume) led the activity chart with 495.646 million shares valued at N5.150 billion traded in 7,832 deals; thus contributing 65.28 per cent and 36.68 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 68.261 million shares worth N136.849 million in 896 deals. The third place was ICT Industry with a turnover of 53.931 million shares worth N4.726 billion in 849 deals.

Trading in the top-three equities namely, Zenith Bank Plc, Guaranty Trust Bank Plc. and United Bank For Africa Plc (measured by volume) accounted for 237.878 million shares worth N4.218 billion in 3,555 deals, contributing 31.33 per cent and 30.05 per cent to the total equity turnover volume and value respectively.