Nigerian bourse down by 0.37% for the week

The Nigerian Stock Exchange (NSE), All-Share Index and Market Capitalization depreciated by 0.37 per cent to close last week at 40,120.22 and N20.978 trillion respectively.

However, all other indices finished higher with the exception of NSE Premium, NSE Lotus II and NSE Industrial Goods which depreciated by 2.99 per cent, 1.22 per cent and 2.29 per cent while the NSE ASeM and NSE Growth Indices closed flat.

A total of 50 equities appreciated in price during the week, higher than 32 in the previous week even as 21 depreciated in price, lower than 32 in the previous week, while 90 equities remained unchanged, lower than 97 recorded in the previous week.

A turnover of 3.394 billion shares worth N19.867 billion in 26,808 deals were traded last week by investors on the floor of the in contrast to a total of 1.806 billion shares valued at N25.966 billion that exchanged hands last week in 14,634 deals.

The Consumer Goods Industry (measured by volume) led the activity chart with 2.026 billion shares valued at N7.503 billion traded in 4,031 deals; thus contributing 59.70 per cent and 37.77 per cent to the total equity turnover volume and value respectively.

The Financial Services Industry followed with 939.288 million shares worth N7.820 billion in 14,020 deals. The third place was Conglomerates Industry, with a turnover of 139.882 million shares worth N182.151 million in 885 deals.

Trading in the top three equities namely Champion Breweries Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 2.144 billion shares worth N6.002 billion in 1,971 deals, contributing 63.18 per cent and 30.21 per cent to the total equity turnover volume and value respectively.