By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) closed the week on a bearish note as All-Share Index (ASI) still remains below 29,000 basis points dipping 3.56 percent to close at 28,814.62, while market capitalisation declined 3.24 percent to close at N9.909 trillion.
“Similarly, all the Indices finished lower during the week with the exception of the NSE ASeM Index that close flat,” according to the NSE’s weekly stock market report.
At the close of the week’s trading on the Nigerian bourse, a turnover of 2.051 billion shares worth N17.869 billion in 21,762 deals were traded by investors compared to a total of 4.304 billion shares valued at N20.048 billion that exchanged hands last week in 20,219 deals.
The NSE reports that the Financial Services Industry (measured by volume) led the activity chart with 1.733 billion shares valued at N12.004 billion traded in 12,855 deals; thus contributing 84.48 percent and 67.18 percent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 153.481 million shares worth N367.996 million in 1,269 deals. In the position is the Consumer Goods Industry with 77.577 million shares worth N3.379 billion in 3,496 deals.
According to the NSE, trading in the shares of lenders Zenith International Bank Plc.; United Bank for Africa Plc and Access Bank Plc (measured by volume) accounted for 851.981 million shares worth N6.646 billion in 4,894 deals, contributing 41.54 percent and 37.19 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 10,627 units of Exchange Traded Products (ETPs) valued at N678,291.94 executed in 22 deals compared with a total of 2,556 units valued at N981,146.02 transacted last week in 17 deals.
A summary of price changes on the Nigerian equities market in the review week shows that13 equities gained in price during the week, higher than 11recorded the previous week.
On the contrary, 65 equities lost in price, lower than 61of the preceding week, while 112 equities remained unchanged, lower than one 118 recorded in the past week.
