Coronavirus: Nigerian bourse down by 13.49% for the week

The Nigerian Stock Exchange(NSE) was greatly affected by the Cononavirus as the market All-Share Index and Market Capitalization both depreciated by 13.49 per cent to close the week at 22,733.35 and N11.847 trillion respectively.

All other indices also finished lower while NSE ASeM Index closed flat as only  equities appreciated in price during the week, lower 36 in the previous week as 64 equities depreciated in price, higher than 25 in the previous week, while 97 equities remained unchanged, lower than 102 equities recorded in the preceding week.

A total turnover of 3.964 billion shares worth N43.703 billion in 26,054 deals were traded  in the week by investors on the floor of the Exchange, in contrast to a total of 1.814 billion shares valued at N26.008 billion that exchanged hands last week in 23,494 deals.

The Financial Services industry (measured by volume) led the activity chart with 3.547 billion shares valued at N33.623 billion traded in 19,150 deals; thus contributing 89.48% and 76.94% to the total equity turnover volume and value respectively. The Consumer Goods followed with 91.135 million shares worth N6.007 billion in 2,341 deals. The third place was Conglomerates industry, with a turnover of 88.406 million shares worth N132.508 million in 679 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 2.448 billion shares worth N29.563 billion in 12,301 deals, contributing 61.75% and 67.64% to the total equity turnover volume and value respectively.

A total of 75,285 units valued at N472.951 million were traded this week in 6 deals, compared with a total of 8,193 units valued at N68,491.03 transacted last week in 11 deals.

A total of 62,290 units of Federal Government Bonds valued at N71.461 million were traded this week in 18 deals, compared with a total of 61,750 units valued at N69.995 million transacted last week in 27 deals.