Bears continue dominance on Nigerian Bourse last week as NGX All-Share Index down by 0.94%

The bears continued its dominance on the Nigerian bourse last week as the NGX All-Share Index and Market Capitalization depreciated by 0.94 per cent and 0.80 per cent to close the week at 104,962.96 and N65.820 trillion respectively.

Similarly, all other indices finished lower with the exception of NGX Consumer Goods which appreciated by 0.06% while the NGX AseM and NGX Sovereign Bond indices closed flat.

A total turnover of 2.902 billion shares worth N48.064 billion in 57,044 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.281 billion shares valued at N63.517 billion that exchanged hands last week in 60,782 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.375 billion shares valued at N21.335 billion traded in 27,053 deals; thus contributing 81.85% and 44.39% to the total equity turnover volume and value respectively. The Services industry followed with 177.345 million shares worth N3.194 billion in 3,829 deals.

Third place was the Consumer Goods Industry, with a turnover of 104.381 million shares worth N3.305 billion in 5,587 deals.

Trading in the top-three equities namely Sovereign Trust Insurance Plc, Jaiz Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 1.497 billion shares worth N5.065 billion in 3,662 deals, contributing 51.59% and 10.54% to the total equity turnover volume and value respectively.

A total of 44,709 units of ETP valued at N3.368 million were traded this week in 102 deals compared with a total of 70,218 units valued at N4.016 million transacted last week in 113 deals

The Bonds Sector recorded a total of 571,248 units valued at N566.818 million were traded this week in 33 deals compared with a total of 78,327 units valued at N72.987 million transacted last week in 63 deals.