By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) at the closing of trading Friday dropped 0.90 percent (0.90%) to close the week.
From the weekly stock market report from the NSE and made available to InvestAdvocate, with the shedding of 0.90%, the NSE ASI closed at 36,248.53 points.
Similarly, the NSE 30 Index depreciated by 1.46% to close at 1,689.43 points, while the NSE-ASem remained flat, all other indices depreciated in the course of the week.
Also, the NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Oil/Gas, NSE-Lotus II, NSE Industrial Goods shed 0.84%, 2.69%, 1.89%, 0.38%, 0.27% and 0.37% respectively.
To close the week, a turnover of 1.490 billion shares worth N14.832 billion in 24, 590 deals were traded this week by investors on the Nigerian Bourse compared to a total of 1.118 billion shares valued at N12.941 billion that exchanged hands the previous week in 24, 489 deals.
According to the NSE’s weekly report, the financial services sector (measured by volume) led the activity chart with 1.052 billion shares valued at N8.042 billion traded in 13,900 deals; thus contributing 70.58%, 54.22% and 56.53% to the total equity turnover volume, value and number of deals respectively.
The Conglomerates sector followed with a turnover of 234.671 million shares worth N555.491 million in 1,452 deals, contributing 15.75%, 3.75% and 5.90% to the total equity turnover volume, value and number of deals respectively.
While, the Consumer Goods sector came third with 53.753 million shares worth N2.401 billion in 4,032 deals.
The NSE reported that trading in the top three (3) equities namely Transnational Corporation of Nigeria Plc, Ecobank Transnational Incorporated Plc and Wema Bank Plc (measured by volume) accounted for 564.277 million shares worth N3.189 billion in 1,692 deals, contributing 37.87%, 21.50% and 6.88% to the total equity turnover volume, value and deals respectively.
A summary of the price changes at the Nigerian Bourse for the week ending showed that 27 equities appreciated in prices during the week lower than 28 of the preceding week.
While 56 equities depreciated in prices higher than 52 of the preceding week.
Also, 111 equities remained unchanged lower than 114 equities of the preceding week.
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Click here to download weeklly stock market report-Afrinvest
