Nigerian bourse down 0.96% for the week

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 0.96 per cent to close the week at 39,799.89 and N20.823 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Banking, NSE AFR Bank Value, NSE MERI Growth and NSE Oil/Gas Indices which rose by 0.69 per cent, 1.34 per cent, 0.66 per cent and 0.97 per cent while the NSE ASeM and NSE Growth Indices closed flat.

A total of 19 equities appreciated in price during the week, lower than 39 in the previous week even as 44 equities depreciated in price, higher than 33 in the previous week, while 99 equities remained unchanged, higher than 90 recorded in the previous week.

A total turnover of 1.930 billion shares worth N20.656 billion in 24,687 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.541 billion shares valued at N18.235 billion that exchanged hands last week in 22,752 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.450 billion shares valued at N15.070 billion traded in 14,236 deals; thus contributing 75.11 per cent and 72.96 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 154.906 million shares worth N179.673 million in 798 deals. The third place was Consumer Goods Industry, with a turnover of 111.782 million shares worth N2.270 billion in 3,865 deals.

Trading in the top three equities namely Wema Bank Plc, Zenith Bank Plc and First Bank Holding Plc (measured by volume) accounted for 782.167 million shares worth N8.914 billion in 4,624 deals, contributing 40.52 per cent and 43.15 per cent to the total equity turnover volume and value respectively

A total of 159,764 units of ETPs valued at N1.251 billion were traded in the week in 20 deals compared with a total of 1.054 million units valued at N7.902 billion transacted in 49 deals upper week.

The Bonds market had 21,438 units valued at N23.282 million traded in the week in 18 deals compared with a total of 8,613 units valued at N12.566 million transacted last week in 2 deals.