The lead indices of the Nigerian Stock Exchange, NSE, the All-Share Index and Market Capitalisation took a plunge of 1.77 percent to close the week at 27,835.22 and N9.561 trillion respectively on Friday, October 7.
Similarly, all other Indices finished lower during the week with the exception of the NSE ASeM Index closed flat. The market opened for four trading sessions this week as the Federal Government of Nigeria declared Monday 3rd of October, 2016 as Public Holiday in commemoration of the Independence Day anniversary.
Twenty-two equities surged in price during the week, lower than thirty-five (35) equities of the previous week. Thirty-five equities depreciated in price, higher than 32 equities of the previous week, while 123 equities remained unchanged higher than 113 equities recorded in the preceding week.
In the course of the week, a turnover of 934.905 million shares worth N6.357 billion were traded in 12,352 deals by investors on the floor of the Exchange in contrast to a total of 1.287 billion shares valued at N9.303 billion that exchanged hands last week in 15,258 deals.
The Financial Services Industry (measured by volume) led the activity chart with 817.195 million shares valued at N4.081 billion traded in 7,268 deals; thus contributing 87.41% and 64.19% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 46.366 million shares worth N86.730 million in 514 deals.
The third place was occupied by the Oil and Gas Industry with a turnover of 21.539 million shares worth N465.820 million in 1,310 deals.
Trading in the Top Three Equities namely – Access Bank Plc, Diamond Bank Plc and FCMB Group Plc (measured by volume) accounted for 364.682 million shares worth N1.074 billion in 1,359 deals, contributing 39.01% and 16.90% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 184 units of Exchange Traded Products (ETPs) valued at N2,077.37 executed in 16 deals, compared with a total of 4.761 million units valued at N25.821 million transacted last week in 45 deals.
A total of 580 units of Federal Government Bonds valued at N576,723.03 were traded in 2 deals compared to a total of 2,023 units of Federal Government Bonds valued at N1.925 million transacted last week in 4 deals.
