By Yakubu LAAH InverstAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) all-share index (ASI) and market capitalisation ended the week lower by 0.65% to close at 27,577.52 points and N9.473 trillion respectively.

“Similarly, all other Indices finished lower during the week, with the exception of the NSE Main Board Index, NSE Insurance Index, NSE Consumer Goods Index and the NSE Pension Index that  appreciated by 0.01 percent, 0.12 percent, 0.50 percent and 0.26 percent respectively while the NSE ASeM Index closed flat,” according to reports from the NSE weekly stock market update.

The update affirms that at the close of the week’s trading on the Nigerian bourse, a turnover of 1.183 billion shares worth N10.300 billion in 16,522 deals were traded this week by investors compared to a total of 1.115 billion shares valued at N13.817 billion that exchanged hands last week in 16,083 deals.

The NSE weekly update further affirmed that the Financial Services Industry (measured by volume) led the activity chart with 1.015 billion shares valued at N7.136 billion traded in 11,012 deals; thus contributing 85.83 percent and 69.28 percent to the total equity turnover volume and value respectively.

According to the NSE, the Conglomerates Industry followed with 69.777 million shares worth N473.308 million in 564 deals. The third place was occupied by the Services Industry with a turnover of 42.223 million shares worth N75.881 million in 202 deals.

Trading in the shares of Nigeria’s top tier lenders, United Bank for Africa Plc, Guaranty Trust Bank Plc and financial HoldCo, FBN Holdings Plc (measured by volume) accounted for 444.004 million shares worth N4.958 billion in 4,153 deals, contributing 37.53 percent and 48.13 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 943 units of Exchange Traded Products (ETPs) valued at N1.357 million executed in 28 deals, compared with a total of 29,242 units valued at N283,495.57 transacted last week in 42 deals.

A total of 9,140 units of Federal Government Bonds valued at N9.198 million were traded in 6 deals compared to a total of 4,470 units of Federal Government Bonds valued at N4.313 million transacted last week in 8 deals.

A summary of price changes in the review period shows 24 equities gained in price during the week, lower than 28 traded the previous week. On the contrary, 38 equities lost in price, higher than 31 reported last week, while 118 equities remained unchanged lower than 121 recorded in the preceding week.