By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday closed the week on a negative note as the all-share-index (ASI) and market capitalisation depreciated by 0.95 percent to close at 27,596.82 and N9.479 trillion respectively and coming on the heels of profit-taking.

“Similarly, all other Indices finished lower during the week with the exception of the NSE Industrial Goods Index that appreciated by 0.52%, while the NSE ASeM Index closed flat,” according to the NSE weekly stock market update.

The report says at the close of the week’s trading, a turnover of 674.721 million shares worth N7.657 billion in 12,290 deals were traded by investors on the floor of the Exchange compared to a total of 1.163 billion shares valued at N9.251 billion that exchanged hands last week in 14,992 deals.

According to the NSE, the Financial Services Industry measured by volume led the activity chart with 495.992 million shares valued at N2.767 billion traded in 6,522 deals; thus contributing 73.51 percent and 36.14 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 80.885 million shares worth N95.212 million in 536 deals. The third place was occupied by the Construction/Real Estate Industry with a turnover of 32.484 million shares worth N18.498 million in 70 deals.

At the end of the week’s trading on the local bourse, top Three Equities namely – Law Union & Rock Insurance Plc, Ecobank Transnational Incorporated and Transnational Corporation of Nigeria Plc measured by volume accounted for 263.199 million shares worth N1.033 billion in 637 deals, contributing 39.01 percent and 13.49 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 10,779 units of Exchange Traded Products (ETPs) valued at N63,890.18 executed in 22 deals, compared with a total of 119,743 units valued at N600,589.51 transacted last week in 25 deals.

A total of 1,700 units of Federal Government Bonds valued at N1.518 million were traded in 1 deal compared to a total of 1,510 units of Federal Government Bonds valued at N1.558 million transacted last week in 1 deal.

 A summary of price changes in the review week shows that 16 equities gained in price, lower than 22 of the previous week. On the flipside, 38 lost in price, lower than 42 of the past week, while 126 equities remained unchanged higher than 116 recorded last week.

Click here to download the NSE’s weekly report for the period ended October 21, 2016