Nigerian bourse down 1.40% for the week

Both the All-Share Index and Market Capitalization of The Nigerian Stock Exchange (NSE) depreciated by 1.40 per cent  to close the week at 26,925.29 and N13.121 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Premium Index which appreciated by 0.64 per cent.

A total of 15 equities appreciated in price during the week, higher than 12 in the previous week while 34 equities depreciated in price, lower than 43 in the previous week.

A total of 119 equities remained unchanged, higher that 113 equities recorded in the preceding week. It was a brief trading week as the market opened for three days in observance of the public holidays (Monday 12th and Tuesday 13th August 2019) declared by the Federal Government of Nigeria to mark the Eid-El-Kabir celebrations.

A turnover of 726.607 million shares worth N10.459 billion in 12,915 deals were traded this week by investors on the Exchange in contrast to a total of 1.081 billion shares valued at N12.014 billion that exchanged hands last week in 16,246 deals.

The Financial Services industry (measured by volume) led the activity chart with 554.910 million shares valued at N6.499 billion traded in 8,376 deals; thus contributing 76.37 per cent and 62.14 per cent to the total equity turnover volume and value respectively.

The Conglomerates industry followed with 76.161 million shares worth N86.854 million in 621 deals.  The third place was Consumer Goods industry with a turnover of 29.783 million shares worth N754.919 million in 1,855 deals.

Trading in the top-three equities namely, Guaranty Trust Bank Plc, Zenith Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 303.101 million shares worth N5.404 billion in 2,842 deals, contributing 41.71 per cent and 51.67 per cent to the total equity turnover volume and value respectively.

A total of 1,292 units valued at N15,283.55 were traded this week in 7 deals compared with a total of 36,011 units valued at N495,359.07 transacted last week in 13 deals.

A total of 4,009 units of Federal Government Bonds valued at N4.111 million were traded this week in 16 deals compared with a total of 18,100 units valued at N20.049 million transacted last week in 8 deals.