By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)- Nigerian Stocks dipped on Friday to close on a negative note as the Nigerian Stock Exchange all-share index (NSE ASI) and market capitalisation  depreciated by 13.05 percent and 13.03 percent respectively to close on Friday at 30,143.02 and N9.980 trillion respectively, according to the NSE’s weekly market report.

Similarly, the report affirmed that all the indices finished lower during the week with exception of the NSE ASeM Index that closed flat.

The Nigerian bourse in the review week recorded a turnover of 2,013 billion shares worth N23.377 billion in 20,902 deals traded by investors compared to a total of 1.245 billion shares valued at N15.898 billion that exchanged hands last week in 12,018 deals.

The NSE reported the Financial Services Industry (measured by volume) led the activity chart with 1.687 billion shares valued at N16.107 billion traded in 11,626 deals; thus contributing 83.82 percent and 68.90 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 156.585 million shares worth N642.075 million in 1,569 deals. On the third position was the Consumer Goods Industry with 57.986 million shares worth N3.014 billion in 3,216 deals.

Also, top three (3) equities which include lenders First City Monument Bank Plc, Ecobank Transnational Incorporated Plc and Zenith International Bank Plc (measured by volume) accounted for 939.627 million shares worth N9.648 billion in 2,970 deals, contributing 46.69 percent and 41.27 percent to the total equity turnover volume and value respectively.

A summary of price changes in the review week at the Nigerian equities market shows that 14 stocks climbed up in price during the week lower than 39 recorded the previous week.

On the other hand, 55 equities depreciated in price higher than 36 of the past week, while (127 equities remained unchanged higher than 122 recorded in the preceding week.