Nigerian bourse down 2.09% for the week

 

The NGX All-Share Index and Market Capitalization depreciated by 2.09 per cent to close the week at 49,664.07 and N26.787 trillion respectively.

Similarly, all other indices finished lower with the exception of The NGX Insurance, NGX Consumer Goods and NGX Growth Indices which appreciated by 6.00%, 3.00% and 1.56% while, The NGX ASeM index closed flat.

A total of 33 equities appreciated in price during the week, lower than 41 in the previous week, even as 26 equities depreciated in price higher than 22 in the previous week, while 97 equities remained unchanged higher than 93 recorded in the previous week.

A total turnover of 1.511 billion shares worth N13.547 billion in 20,074 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 705.636 million shares valued at N12.850 billion that exchanged hands last week in 22,124 deals.

The Financial Services Industry (measured by volume) led the activity chart with 680.202 million shares valued at N4.672 billion traded in 9,230 deals; thus contributing 45.02% and 34.48% to the total equity turnover volume and value respectively.

The Services Industry followed with 499.178 million shares worth N3.407 billion in 866 deals. The third place was the ICT Industry, with a turnover of 113.804 million shares worth N2.246 billion in 2,083 deals.

Trading in the top three equities namely Capital Hotel Plc, FBN Holdings Plc and Jaiz Bank Plc (measured by volume) accounted for 763.836 million shares worth N5.130 billion in 1,025 deals, contributing 50.55% and 37.87% to the total equity turnover volume and value respectively.

A total of 3,091 units of ETP valued at N13.063 million were traded this week in 41 deals compared with a total of 16,247 units valued at N400,448.65 transacted last week in 24 deals.

Also, a total of 80,732 units Bonds  valued at N86.217 million were traded this week in 35 deals compared with a total of 118,689 units valued at N120.856 million transacted last week 35 deals