Nigerian bourse down 1.20% for the week

The NGX All-Share Index and Market Capitalization depreciated by 1.20 per cent to close the week at 54,232.34 and N29.544 trillion respectively.

All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Oil & Gas, NGX LOTUS II, NGX Industrial Goods and NGX Growth which depreciated by 0.95 per cent, 1.24 per cent, 2.02 per cent 0.70 per cent, 3.26 per cent and 2.53 per cent respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat

A total of 37 equities appreciated in price during the week higher than 28 in the previous week, even as 30 equities depreciated in price higher than 27 in the previous week, while 90 equities remained unchanged, lower 102 equities recorded in the previous week.

Trading in the top-three equities namely Transnational Corporation Plc, Living Trust Mortgage Bank Plc and Fidelity Bank Plc, (measured by volume) accounted for 1.429 billion shares worth N3.461 billion in 1,620 deals, contributing 69.00% and 19.71% to the total equity turnover volume and value respectively.

A total of ETP of 15,217 units valued at N4.565 million were traded this week in 47 deals compared with a total of 6,141 units valued at N1.838 million transacted last week in 47 deals

The Bonds sector traded a total of 8,506 units valued at N8.126 million were traded this week in 15 deals compared with a total of 20,336 units valued at N20.465 million transacted last week in 20 deals.

A total turnover of 2.071 billion shares worth N17.562 billion in 17,917 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.689 billion shares valued at N11.066 billion that exchanged hands last week in 14,019 deals.

The Financial Services Industry (measured by volume) led the activity chart with 948.792 million shares valued at N7.621 billion traded in 7,903 deals; thus contributing 45.80% and 43.40% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 930.664 million shares worth N1.486 billion in 1,591 deals. The third place was the Oil and Gas Industry, with a turnover of 60.510 million shares worth N1.472 billion in 1,369 deals.