Stock Market Indices Drop 3.98% In One Week

Likewise, all other Indices finished lower during the week, with the exception of the NSE Consumer Goods Index that gained 0.89%. While the NSE ASeM Index closed flat.

Fifteen equities appreciated in price during the week, lower than 22 equities of the previous week, while 44 equities depreciated in price, higher than 38 equities of the previous week, while 121 equities remained unchanged higher than one hundred and twenty (120) equities recorded in the preceding week.Trading in the Top Three Equities this week were Skye Bank Plc, United Bank for Africa Plc and FBN Holdings Plc, accounting for 573.927 million shares worth N1.250 billion in 3,745 deals, and contributing 42.51% and 13.46 % to the total equity turnover volume and value respectively.

The Financial Services Industry topped the activity chart with 1.148 billion shares valued at N4.861 billion traded in 11,668 deals; thus contributing 85.01% and 52.34% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 73.190 million shares worth N238.895 million in 1,058 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 60.336 million shares worth N2.409 billion in 3,041 deals.

Also traded during the week were a total of 11,420 units of Exchange Traded Products (ETPs) valued at N136,400.05 executed in 42 deals, compared with a total of 941 units valued at N2.646 million transacted last week in 22 deals.

A total of 13,550 units of Federal Government Bonds valued at N14.061 million were traded in 6 deals compared to a total of 44,381 units of Federal Government Bonds valued at N44.679 million transacted last week in 5 deals.

A turnover of 1.350 billion shares worth N9.287 billion in 18,679 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.149 billion shares valued at N13.616 billion that exchanged hands last week in 21,868 deals.