Nigerian bourse down 0.05% for the week


The All-Share Index and Market Capitalization Nigerian Exchange Limited depreciated by 0.05% to close the week at 52,187.93 and N28.417 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 0.64%, 0.09%, 1.67%, 0.66%, 0.03% and 0.32% respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.

A total of 44 equities appreciated in price during the week lower than 48 in the previous week, even as 27 equities depreciated in price lower than 30 in the previous week, while 85 equities remained unchanged, higher 78 recorded in the previous week

A total turnover of 3.029 billion shares worth N33.626 billion in 29,505 deals was traded this week by investors on the floor of the NGX, in contrast to a total of 3.602 billion shares valued at N36.451 billion that exchanged hands upper week in 27,801 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.095 billion shares valued at N21.847 billion traded in 14,008 deals; thus contributing 69.17% and 64.97% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 398.558 million shares worth N1.185 billion in 3,129 deals. The third place was the Services Industry, with a turnover of 270.111 million shares worth N1.853 billion in 1,317 deals.

Trading in the top-three equities namely Fidelity Bank Plc, Access Holdings Plc and Transnational Corporation Plc, (measured by volume) accounted for 1.328 billion shares worth N8.159 billion in 5,286 deals, contributing 43.84% and 24.26% to the total equity turnover volume and value respectively

A total of 2.909 million units of ETP valued at N55.710 million were traded this week in 44 deals compared with a total of 31,234 units valued at N2.875 million transacted last week in 68 deals

Bonds sector recorded a total of 126,110 units valued at N130.953 million traded last week in 18 deals compared with a total of 22,604 units valued at N21.807 million transacted last week in 20 deals.