By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Nigerian equities on Friday closed the week with a marginal loss as all share index (ASI) declined 0.01 percent to close at 29,175.35 basis points, while market capitalisation appreciated 0.02 percent to close the week at N10.029 trillion.
“Similarly, all other Indices finished lower during the week with exception of NSE Premium, NSE 30, NSE Insurance, NSE Oil/Gas, and NSE Pension indices, while NSE ASeM Index closed flat,” the Nigerian Stock Exchange (NSE) weekly market report affirmed.
At the close of the week’s trading on the Nigerian bourse, a turnover of 1.949 billion shares worth N17.336 billion in 15,762 deals were traded this week by investors on the floor of the NSE compared to a total of 1.358 billion shares valued at N14.722 billion that exchanged hands last week in 14,772 deals.
The Financial Services Industry measured by volume led the activity chart with 1.714 billion shares valued at N10.770 billion traded in 9,378 deals; thus contributing 87.93 percent and 62.13 percent to the total equity turnover volume and value respectively.
The report says the Conglomerates Industry followed with a turnover of 73.433 million shares worth N173.733 million in 908 deals. And the third position was occupied by the Oil and Gas Industry with 62.711 million shares worth N2.702 billion in 1,688 deals.
According to the NSE, trading in the shares of lenders, Access Bank Plc, Zenith Bank Plc and United Bank for Africa Plc measured by volume accounted for 1.276 billion shares worth N8.340 billion in 2,782 deals, contributing 65.45 percent and 48.11 percent to the total equity turnover volume and value respectively.
A summary of price changes on the Nigerian equities market at the close of the week’s transactions shows that 24 equities appreciated in price during the week, higher than 12 equities of the past week.
On the contrary, 43 equities depreciated in price, lower than 51 recorded the previous week, while 123 equities remained unchanged; lower than 127 declared the preceding week.
