Stock Market Indices Shed 2.4% in One Week

The Nigerian Stock Market twin indices, the All-Share Index and Market Capitalization slid by 2.40% to close last week at 24,719.27 and N8.503 trillion respectively.

Also, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE ASeM Index, NSE Banking Index, NSE Insurance Index and the NSE Pension Index that jumped by 0.45%, 0.38%,0.31%,1.86% and 0.55% respectively.

Twenty-six equities appreciated in price during the week, lower than 27 equities of the previous week. Forty-one equities depreciated in price, higher than 40 equities of the previous week, while 122 equities remained unchanged same as the previous week.

A turnover of 8.054 billion shares worth N13.328 billion in 15,212 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.111 billion shares valued at N6.201 billion that exchanged hands last week in 15,315 deals.

The Financial Services Industry (measured by volume) led the activity chart with 7.890 billion shares valued at N10.807 billion traded in 9,730 deals; thus contributing 97.96% and 81.09% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 61.402 million shares worth N93.053 million in 605 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 48.978 million shares worth N1.017 billion in 2,238 deals.

Trading in the Top Three Equities were Wema Bank Plc, United Bank For Africa Plc and Guaranty Trust Bank Plc.(measured by volume) accounted for 7.133 billion shares worth N8.954 billion in 2,364 deals, contributing 88.56% and 67.18% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 690 units of Exchange Traded Products (ETPs) valued at N572,158.80 executed in 28 deals, compared with a total of 24,200 units valued at N621,286 transacted last week in 26 deals.

A total of 28,280 units of Federal and State Government Bonds valued at N29.572 million were traded in 8 deals compared to a total of 6,908 units of Federal Government Bonds valued at N7.739 million transacted last week in 7 deals.

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  1. RT @BizWatchNigeria: Stock Market Indices Shed 2.4% in One Week – https://t.co/o1vqAksff0 https://t.co/EXswuZYSGk

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