Nigerian bourse down 2.57% for the week
The Nigerian Stock Exchange All-Share Index and Market Capitalization depreciated by 2.57 per cent to close last week at 34,136.82 and N17.838 trillion respectively. Similarly, all other indices finished lower with the exception of NSE Insurance Index which appreciated by 0.51 per cent while the NSE ASeM Index closed flat.
A total of 21 equities appreciated in price during the week, lower than 69 in the previous week even as 55 equities depreciated in price, higher than 12 in the previous week, while 85remained unchanged, higher than 80 recorded in the previous week.
A total turnover of 11.400 billion shares worth N35.892 billion in 39,265 deals were traded in the week by investors on the floor of the Exchange, in contrast to a total of 4.509 billion shares valued at N58.733 billion that exchanged hands last week in 47,140 deals.
The Construction/Real Estate industry (measured by volume) led the activity chart with 8.529 billion shares valued at N6.055 billion traded in 438 deals; thus contributing 74.82 per cent and 16.87 per cent to the total equity turnover volume and value respectively.
The Financial Services Industry followed with 1.991 billion shares worth N19.933 billion in 21,725 deals. The third place was the Conglomerates Industry, with a turnover of 423.702 million shares worth N526.698 million in 1,962 deals.
Trading in the top-three equities namely UAC- Property Development Company Plc, Transnational Corporation of Nigeria Plc and Jaiz Bank Plc (measured by volume) accounted for 9.259 billion shares worth N6.639 billion in 1,958 deals, contributing 81.22% and 18.50% to the total equity turnover volume and value respectively.
A total of 21,455 units of ETPs valued at N174.674 million were traded in the week in 15 deals compared with a total of 986,941units valued at N4.685 billion transacted the upper week in 62 deals.
The market recorded a total of 11,014 units of Bonds valued at N15.257 million were traded this week in 15 deals compared with a total of 13,332 units valued at N17.142 million transacted last week in 19 deals.
