Nigerian bourse down 1.11% for the week

The  All-Share Index and Market Capitalization on The Nigerian Stock Exchange(NSE) both depreciated 1.11 per cent  for the  week  to close the week at 27,755.87 and N14.456 trillion respectively.

All other indices finished lower with the exception of NSE AFR Div Yield and NSE Industrial Goods indices which appreciated by 0.11 per cent  and 0.78 per cent  respectively while NSE ASeM Index closed flat.

In all, 19 equities appreciated in price during the week, higher than 15 in the previous week even as 35 equities depreciated in price, lower than 49 in the previous week, while 109 equities remained unchanged, higher than 99 equities recorded in the preceding week.

A total turnover of 912.175 million shares worth N12.126 billion in 17,083 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.478 billion shares valued at N20.295 billion that exchanged hands last week in 23,263 deals.

The Financial Services industry (measured by volume) led the activity chart with 624.219 million shares valued at N7.129 billion traded in 9,640 deals; thus contributing 68.43% and 58.79% to the total equity turnover volume and value respectively.

The Conglomerates followed with 93.204 million shares worth N452.093 million in 861 deals. The third place was Oil and Gas industry, with a turnover of 59.267 million shares worth N124.638 million in 1,254 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 304.089 million shares worth N5.788 billion in 4,290 deals, contributing 33.34% and 47.73% to the total equity turnover volume and value respectively.

A total of 1,540 units valued at N137,421.20 were traded this week in 5 deals, compared with a total of 3,840 units valued at N12.029 million transacted last week in 8 deals.

A total of 23,923 units of Federal Government Bonds valued at N28.986 million were traded this week in 22 deals, compared with a total of 55,246 units valued at N63.094 million transacted last week in 15 deals.