Nigerian bourse down 1.32% for the week

 

The NSE All-Share Index and Market Capitalization on The Nigerian Stock Exchange (NSE) depreciated by 1.32 per cent and 1.30 per cent to close the week at 27,388.62 and N14.268 trillion respectively.

All other indices finished lower with the exception of NSE Industrial Goods index which appreciated by 1.02 per cent while NSE ASeM Index closed flat.

A total of 24 equities appreciated in price during the week, higher than 19 in the previous week, even as 28 equities depreciated in price, lower than 35 in the previous week, while 111 equities remained unchanged, higher than 109 equities recorded in the preceding week.

A total turnover of 1.499 billion shares worth N17.907 billion in 18,515 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 912.175 million shares valued at N12.126 billion that exchanged hands last week in 17,083 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.226 billion shares valued at N12.974 billion traded in 11,741 deals; thus contributing 81.79% and 72.45% to the total equity turnover volume and value respectively.

The Consumer Goods followed with 83.882 million shares worth N3.090 billion in 1,937 deals. The third place was Conglomerates industry, with a turnover of 49.719 million shares worth N104.199 million in 517 deals.

Trading in the top-three equities namely, Zenith Bank Plc, Sovereign Trust Insurance Plc, and Guaranty Trust Bank Plc. (measured by volume) accounted for 636.624 million shares worth N10.123 billion in 4,539 deals, contributing 42.47% and 56.53% to the total equity turnover volume and value respectively.

A total of 1,040 units valued at N3.606 million were traded this week in 12 deals, compared with a total of 1,540 units valued at N137,421.20 transacted last week in 5 deals.

A total of 40,469 units of Federal Government Bonds valued at N47.681 million were traded this week in 25 deals, compared with a total of 23,923 units valued at N28.986 million transacted last week in 22 deals.