NSE Indices Shed 1.45% As Transactions Closed Week in Red Zone

Transactions on the floor of the Nigerian Stock Exchange, NSE, closed last week in the Reds as the All-Share Index and Market Capitalization dropped 1.45% to close for the week at 27,232.62 and N9.353 trillion respectively.

Similarly, all other indices finished lower during the week, with the exception of the NSE ASeM Index, NSE Insurance Index and the NSE Oil/Gas Index that rose by 0.25%, 1.71% and 1.97% respectively

Twenty-seven equities appreciated in price during the week, higher than 12 equities of the previous week.

Forty-one equities depreciated in price, lower than 60 equities of the previous week, while 112 equities remained unchanged higher than 108 equities of the previous week.

A turnover of 959.917 million shares worth N7.871 billion in 17,561 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.263 billion shares valued at N11.583 billion that exchanged hands last week in 17,434 deals.

Trading in the Top Three Equities namely – United Bank For Africa Plc, FBN Holdings Plc and Access Bank Plc.(measured by volume) accounted for 288.689 million shares worth N1.275 billion in 3,854 deals, contributing 30.07% and 16.20% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 78,666 units of Exchange Traded Products (ETPs) valued at N866,656.30 executed in 25 deals, compared with a total of 6,500 units valued at N117,637.20 transacted last week in 24 deals.

A total of 4,725 units of Federal Government Bonds valued at N5.266 million were traded in 3 deals compared to a total of 151,970 units of Federal Government and Corporate Bonds valued at N170.962 million transacted last week in 5 deals.