By InvestAdvocate
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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 0.94 percent to close at 25,012.08 and N8.656 trillion respectively.
“All other Indices finished higher during the week with the exception of the NSE Premium and NSE Industrial Goods Indices that depreciated by 4.47 percent and 2.33 percent respectively while the ASEM Index closed flat,” according to the NSE’s weekly stock market report.
The report affirms that a total turnover of 1.387 billion shares worth N13.726 billion in 15,422 deals were traded this week by investors on the floor of the domestic bourse compared to a total of 765.656 million shares valued at N9.717 billion that exchanged hands last week in 12,468 deals.
According to the NSE’s report, the Financial Services Industry measured by volume led the activity chart with 1.224 billion shares valued at N9.080 billion traded in 10,213 deals; thus contributing 88.19 percent and 66.15 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 52.016 million shares worth N3.435 billion in 2,311 deals. The third place was occupied by Conglomerates Industry with a turnover of 41.515 million shares worth N63.506 million in 586 deals.
The NSE reports that trading in the Top Three Equities namely – Zenith International Bank Plc, Continental Reinsurance Plc and United Bank for Africa Plc measured by volume accounted for 738.698 million shares worth N6.910 billion in 4,205 deals, contributing 53.24 percent and 50.34 percent to the total equity turnover volume and value respectively.
There were no trades recorded in Exchange Traded Products (ETPs) this week. While a total of 375 units of Federal Government Bonds valued at N447, 055.02 were traded in 5 deals, compared with a total of 24,850 units valued at N20.533 million transacted last week in 6 deals.
A summary of price changes in the review week shows that 24 equities appreciated in price, higher than 18 of the previous week. On the flipside, 24 equities depreciated in price, lower than 34 of the previous week, while 129 remained unchanged higher than 125 recorded in the preceding week.
