Nigerian bourse down 0.32% for the week

The All-Share Index and Market Capitalization both depreciated by 0.32 per cent to close at 26,448.62 and N12.875 trillion respectively on The Nigerian Stock Exchange (NSE) for the week. .

Similarly, all other indices finished lower with the exception of NSE Insurance, NSE Meri Value, NSE Consumer Goods and NSE Lotus II Indices which appreciated by 2.37 per cent, 0.17 per cent, 0.12 per cent and 0.46 per cent respectively while the NSE ASeM index closed flat.

Nineteen (19) equities appreciated in price during the week, lower than Twenty (20) in the previous week. Twenty-three (23) equities depreciated in price, lower than Thirty-three (33) equities in the previous week, while one hundred and twenty-four (124) equities remained unchanged, higher than one hundred and thirteen (113) equities recorded in the preceding week.

A total turnover of 896.610 million shares worth N16.561 billion in 12,638 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.409 billion shares valued at N31.959 billion that exchanged hands last week in 13,616 deals.

The Financial Services industry (measured by volume) led the activity chart with 597.154 million shares valued at N6.721 billion traded in 7,197 deals; thus contributing 66.60% and 40.58% to the total equity turnover volume and value respectively. The Consumer Goods industry followed with 102.130 million shares worth N7.214 billion in 2,027 deals. The third place was Service industry with a turnover of 84.001 million shares worth N377,017 million in 264 deals.

Trading in the Top Three Equities namely, Guaranty Trust Bank Plc, Global Spectrum Energy Services Plc and Flour Mills Nigeria Plc. (measured by volume) accounted for 302.285 million shares worth N5.510 billion in 1,290 deals, contributing 33.71% and 33.27% to the total equity turnover volume and value respectively.

A total of 960 units valued at N146,642.75 were traded this week in 11 deals compared with a total of 9,219 units valued at N1.079 million transacted last week in 24 deals.

A total of 1,397 units of Federal Government Bonds valued at N1.518 million were traded this week in 9 deals compared with a total of 2,519 units valued at N2.670 million transacted last week in 12 deals.