The twin indices of the Nigerian Stock Exchange, All-Share Index and Market Capitalization plunged last week by 0.70% to close at 25,328.07 and N8.712 trillion respectively.
Except the NSE Oil/Gas Index and the NSE Pension Index that soared by 0.24% and 0.13% respectively, while the NSE ASeM closed flat, all other Indices also finished lower during the week.
In the course of the week, 27 equities rose in price, higher than 24 equities of the previous week while 40 equities depreciated in price, higher than 37 equities of the previous week, while 122 equities remained unchanged lower than 128 equities recorded in the previous week.
This week, a turnover of 1.111 billion shares worth N6.201 billion in 15,315 deals were traded by investors on the floor of The Exchange in contrast to a total of 1.262 billion shares valued at N6.427 billion that exchanged hands last week in 12,274 deals.
The Financial Services Industry (measured by volume) led the activity chart with 950.921 million shares valued at N3.675 billion traded in 10,757 deals; thus contributing 85.58% and 59.25% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 60.977 million shares worth N79.922 million in 591 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 40.270 million shares worth N1.696 billion in 1,774 deals.
Trading in the Top Three Equities namely – Guaranty Trust Bank, FCMB Group Plc and Equity Assurance Plc.(measured by volume) accounted for 362.484 million shares worth N2.020 billion in 1,942 deals, contributing 32.62% and 32.57% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 24,200 units of Exchange Traded Products (ETPs) valued at N621,286 executed in 26 deals, compared with a total of 25,738 units valued at N522,245 transacted last week in 39 deals.
A total of 6,908 units of Federal Government Bonds valued at N7.739 million were traded in 7 deals compared to a total of 22,030 units of Federal and State Government Bonds valued at N25.368 million transacted last week in 8 deals.
