Nigerian bourse drop by 0.70% for the week
The NGX All-Share Index and Market Capitalization depreciated by 0.70 per cent to close the week at 49,695.12 and N26.805 trillion respectively. Similarly, all other indices finished lower with the exception of NGX Insurance, NGX MERI Value, and NGX Consumer Goods Indices which appreciated by 1.04 per cent, 0.87 per cent and 0.72 per cent while, the NGX ASeM index closed flat.
A total of 22 equities appreciated in price during the week, lower than 43 equities in the previous week as 36 equities depreciated in price higher than 21 in the previous week, while 98 equities remained unchanged higher than 92 recorded in the previous week.
A total turnover of 949.819 million shares worth N9.329 billion in 18,525 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.195 billion shares valued at N12.924 billion that exchanged hands last week in 19,305 deals.
The Financial Services Industry (measured by volume) led the activity chart with 735.300million shares valued at N4.133 billion traded in 10,186 deals; thus contributing 77.41% and 44.30% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 69.775 million shares worth N191.041 million in 570 deals.
The third place was the ICT Industry, with a turnover of 44.439 million shares worth N2.875 billion in 1,744 deals.
Trading in the top-three equities namely Sterling Bank Plc, United Bank for Africa Plc and Transnational Corporation Plc (measured by volume) accounted for 472.701 million shares worth N1.164 billion in 2,333 deals, contributing 49.77 per cent and 12.48 per cent to the total equity turnover volume and value respectively.
A total of 3,952 units of ETP valued at N1.692 million were traded this week in 32 deals compared with a total of 7,811 units valued at N837,295.25 transacted last week in 25 deals.
The Bonds sector recorded a total of 219,620 units valued at N243.115 million were traded this week in 30 deals compared with a total of 28,192 units valued at N27.904 million transacted last week 11 deals.
