Nigerian bourse down 0.21%  for the week

Both the All-Share Index and Market Capitalization of The Nigerian Stock Exchange depreciated by 0.21 per cent  to close the week at 26,293.30 and N12.799 trillion respectively.

A total of 27 equities appreciated in price during the week, higher than 18 in the previous week while 18 depreciated in price, lower than 33 equities in the previous week, while and 121) equities remained unchanged, higher than 115 recorded in the preceding week.

All other indices finished higher with the exception of NSE Main Board, NSE CG, NSE Banking, NSE-AFR Bank Value, NSE AFR Div Yield, NSE MERI Growth and NSE Consumer Goods Indices which declined by 0.81%, 0.54%, 0.46%, 0.46%, 0.28%, 1.48% and 0.66% respectively while the NSE ASeM index closed flat

A total turnover of 1.511 billion shares worth N16.193 billion in 15,544 deals were traded in the week by investors on the floor of the Exchange in contrast to a total of 2.051 billion shares valued at N16.126 billion that exchanged hands last week in 13,508 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.301 billion shares valued at N10.020 billion traded in 10,204 deals; thus contributing 86.08% and 61.88% to the total equity turnover volume and value respectively.

The ICT industry followed with 59.862 million shares worth N3.175 billion in 487 deals. The third place was Conglomerates industry with a turnover of 53.268 million shares worth N125.514 million in 525 deals.

Trading in the top-three equities namely, Veritas Kapital Assurance Plc, Zenith Bank Plc and FCMB Group Plc. (measured by volume) accounted for 749.819 million shares worth N4.727 billion in 2,446 deals, contributing 50 per cent and 29.19 per cent to the total equity turnover volume and value respectively.

A total of 1,830 units valued at N65, 956.10 were traded this week in 7 deals compared with a total of 1,405 units valued at N244,462.05 transacted last week in 9 deals.

A total of 7,465 units of Federal Government Bonds valued at N8.165 million were traded this week in 44 deals compared with a total of 9,018 units valued at N9.713 million transacted last week in 13 deals.