Nigerian bourse down by 0.48% for the week

The NGX All-Share Index and Market Capitalization depreciated by 0.48 per cent to close the week at 52,214.62 and N28.431 trillion respectively.

All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Banking, NGX AFR Bank Value, NGX MERI Value, NGX Industrial Goods, and NGX Sovereign Bond which depreciated by 0.85%, 0.12%, 0.99%, 1.45%, 1.11%, 3.36% and 4.83% respectively while the NGX ASeM index closed flat

A total of 48 equities appreciated in price during the week lower than 51 in the previous week, even as 30 equities depreciated in price higher than 26 in the previous week, while 78 remained unchanged, lower than 79 recorded in the previous week.

A total turnover of 3.602 billion shares worth N36.451 billion in 27,801 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.973 billion shares valued at N22.828 billion that exchanged hands last week in 23,765 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.150 billion shares valued at N27.484 billion traded in 14,987 deals; thus contributing 87.47% and 75.40% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 99.394 million shares worth N219.455 million in 901 deals.

The third place was the Consumer Goods Industry, with a turnover of 87.434 million shares worth N1.628 billion in 3,768 deals.

Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc, and FBN Holdings Plc, (measured by volume) accounted for 2.167 billion shares worth N18.650 billion in 5,083 deals, contributing 60.17% and 51.16% to the total equity turnover volume and value respectively.

A total of 31,234 units of ETP valued at N2.875 million were traded this week in 68 deals compared with a total of 19,259 units valued at N2.737 million transacted last week in 44 deals.

The Bonds sector traded a total of 22,604 units valued at N21.807 million were traded this week in 20 deals compared with a total of 49,861 units valued at N51.972 million transacted last week in 11 deals.