Stock Market Value Slides to N9.910trillion in One Week on Sparse Trading

All other Indices likewise finished lower during the week, with the exception of the NSE ASeM Index that closed flat. Nine equities appreciated in price during the week, from 22 equities of the previous week.

Forty-eight equities depreciated in price, from 52 equities of the previous week, while 123 equities remained unchanged from106 equities recorded in the preceding week.

Meanwhile, a turnover of 377.798 million shares worth N3.641 billion in 7,466 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.469 billion shares valued at N17.065 billion that exchanged hands last week in 21,246 deals.

The Financial Services Industry (measured by volume) led the activity chart with 305.334 million shares valued at N2.011 billion traded in 4,260 deals; thus contributing 80.82% and 55.23% to the total equity turnover volume and value respectively. The Oil And Gas Industry followed with 32.753 million shares worth N341.230 million in 1,029 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 16.258 million shares worth N635.951 million in 1,179 deals.

Trading in the Top Three Equities namely –FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc (measured by volume) accounted for 122.347 million shares worth N1.291 billion in 1,477 deals, contributing 32.38% and 35.47% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 35 units of Exchange Traded Products (ETPs) valued at N374.00 executed in 7 deals, compared with a total of 12,695 units valued at N174,028.05 transacted last week in 35 deals.

A total of 13,767 units of Federal Government Bonds valued at N14.356 million were traded in 5 deals compared to a total of 2,979 units of Federal Government Bonds valued at N2.908 million transacted last week in 5 deals.