NSE5The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 2.69% to close last week at 26,537.36 and N9.124 trillion respectively.

Similarly, all other Indices finished lower during the week, with the exception of NSE Insurance and NSE Oil and Gas Indices that rose by 1.02% and 0.23% respectively, while the NSE ASeM Index closed flat.

A turnover of 1.457 billion shares worth N13.803 billion in 13,648 deals were traded last week by investors on the floor of The Exchange in contrast to a total of 1.174 billion shares valued at N13.846 billion that exchanged hands last week in 13,870 deals.

The Financial Services Industry (measured by volume) led the activity chart with 993.154 million shares valued at N4.417 billion traded in 7,283 deals; thus contributing 68.18% and 32.00% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 352.118 million shares worth N6.935 million in 2,979 deals. The third place was occupied by the Conglomerates Industry with a turnover of 49.140 million shares worth N193.919 million in 659 deals.

Twenty-seven equities appreciated in price during the week, higher than 25 equities of the preceding week. Forty-one equities depreciated in price, higher than 37 equities of the previous week, while 122 equities remained unchanged, higher than 128 equities recorded in the preceding week.

Trading in the Top Three Equities namely – Continental Reinsurance Plc, Champion Breweries Plc and Tiger Branded Consumer Goods Plc (measured by volume) accounted for 569.712 million shares worth N1.141 billion in 543 deals, contributing 39.11% and 8.27% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 6,372 units of Exchange Traded Products (ETPs) valued at N445,625.60 executed in 32 deals, compared with a total of 318,734 units valued at N1.469 million transacted last week in 50 deals.

There was no transaction recorded on bonds last week. However, a total of 10,501 units of Federal Government Bonds and one State Government Bond valued at N12.024 million were transacted the previous week in 5 deals.

By Pita Ochai

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