Nigerian bourse down 1.60% for the week

The NSE All-Share Index and Market Capitalization of the Nigerian bourse depreciated by 1.60 per cent and 1.99 per cent to close the week at 39,198.75 and N20.431 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Banking, NSE Pension, NSE-AFR Div Yield, NSE MERI Value, NSE Consumer Goods and NSE Oil/Gas Indices which appreciated by 0.62 per cent, 0.35 per cent, 1.12 per cent, 1,66 per cent, 0.62 per cent and 5.98 per cent respectively, while the NSE ASeM Index closed flat.

The market opened for four trading days the week as the Federal Government of Nigeria declared Monday 3rd May 2020 a Public Holiday to mark the Workers Day Anniversary.

Meanwhile, a total turnover of 1.419 billion shares worth N15.918 billion in 18,459 deals were traded in  the week by investors on the floor of the Exchange, in contrast to a total of 1.441 billion shares valued at N10.883 billion that exchanged hands last week in 19,614 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.069 billion shares valued at N9.531 billion traded in 10,907 deals; thus contributing 75.34 per cent and 59.88 per cent to the total equity turnover volume and value respectively.

The Industrial Goods Industry followed with 60.762 million shares worth N2.005 billion in 1,070 deals. The third place was Consumer Goods Industry, with a turnover of 57.023 million shares worth N1.029 billion in 2,831 deals.

Trading in the top three equities namely Access Bank Plc, FBN Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 609.988 million shares worth N6.593 billion in 4,870 deals, contributing 43.00 per cent and 41.42 per cent to the total equity turnover volume and value respectively.

A total of 30,004 units of EPS valued at N1.704 million were traded in the week in 11 deals compared with a total of 60,447 units valued at N1.069 million transacted last week in 20 deals.

A total of 19,573 units of Bonds valued at N21.027 million were traded in the week in 8 deals compared with a total of 44,354 units valued at N46.342 million transacted last week in 19 deals.