However, losses on the bourse last week outweighed the gains leading to the ASI to close lower at 27,450.91. Similarly, the market capitalisation went down lower at N9.428 trillion.
In line with the bearish trend, four other indices finished lower during the week, while the NSE Main Board, NSE 30, NSE Banking, NSE Insurance, NSE Consumer Goods, NSE Oil and Gas and NSE Pension indices rose by 1.93 per cent,0.33 per cent,0.86 per cent,0.04 per cent, 0.93 per cent, 6.74 per cent and 1.21 per cent respectively. The NSE ASeM Index closed flat.
The NSE Oil & Gas index advanced the most, rising by 6.7 per cent on the back of gains in Seplat Petroleum Development Company Plc (+14.6 per cent) and Forte Oil Plc (+10.6 per cent). The NSE Banking and the NSE Consumer Goods Indices rose 0.9 per cent apiece, due to gains in Union Bank of Nigeria (+5.1 per cent), Guaranty Trust Bank Plc (+4.1 per cent).
UBA (+1.8 per cent), Nigerian Breweries Plc (+1.5 per cent), International Breweries Plc (+7.4 per cent), and Unilever Nigeria Plc (3.0 per cent). Conversely, the NSE Industrial Index depreciated 1.1 per cent account of losses in Dangote Cement Plc(-5.2 per cent).
The total volume traded fell by 18.08 per cent to 1.12 billion shares, worth N13.84 billion and traded in 15,625 deals, compared to the 1.37 billion shares, valued at N12.94 billion that exchanged hands in 16,915 deals previous week.
