By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday ended the week on a negative note as all-share index (ASI and market capitalisation climbed down 0.13 percent to close at 33,621.75 and N11.477 trillion respectively.
Similarly, five (5) Indices finished lower during the week, while the NSE Consumer Goods, NSE Oil/Gas, NSE Lotus II Indices closed higher by 0.93 percent, 0.62 percent, and 0.38 percent respectively,” according to the Nigerian Stock Exchange (NSE) weekly stock market report.
At the close of the week’s session, the NSE reported a turnover of 1.552 billion shares worth N17.532 billion in 17,785 deals were traded by investors on the floor of the Nigerian bourse compared to a total of 1.221 billion shares valued at N16.964 billion that exchanged hands last week in 19,847 deals.
According to the NSE’s report, the Financial Services Industry (measured by volume) led the activity chart with 929.317 million shares valued at N6.909 billion traded in 9,877 deals; thus contributing 59.88 percent and 39.41 percent to the total equity turnover volume and value respectively.
“The Natural Resources Industry followed with a turnover of 129.851 million shares worth N64.986 million in 43 deals. The third place was occupied by the Consumer Goods Industry with 124.814 million shares worth N6.858 billion in 2,991 deals,” the NSE report added.
The NSE says that trading in the shares of United Bank for Africa Plc, Multiverse Plc and Cornerstone Insurance Company Plc., (measured by volume) accounted for 586.164 million shares worth N1.950 billion in 719 deals, contributing 37.77 percent and 11.12 percent to the total equity turnover volume and value respectively.
“Also traded during the week were a total of 19,675 units of Exchange Traded Products (ETPs) valued at N1.296 million executed in 21 deals compared with a total of 8,966 units valued at N5.556 million transacted last week in 32 deals,” the NSE report affirmed.
A summary of price changes at the end of the week’s trading on the Nigerian bourse shows that 24 equities appreciated in price during the week, lower than 27 past week.
On the contrary, 42 equities dipped in price, lower than 47 reported the preceding week, while 127 equities remained unchanged, higher than 119 recorded in the previous week.
