Nigerian Stock Exchange
Nigerian Stock Exchange

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 2.69% to close on Friday, August 21, at 29,878.33 and N10.241 trillion respectively.

Paints and Coatings Manufacturers Plc led last week’s 11 equity gainers with a 14.58 per cent or 14 kobo increase against sixteen (16) equity gainers of the preceding week.

Sixty-one equities led by Evans Medical Plc with a 27.17 per cent or 25 kobo decline, depreciated in price, higher than fifty-eight (58) equities of the preceding week, while one hundred and eighteen (118) equities remained unchanged, higher than 116 equities recorded in the preceding week.

A turnover of 4.304 billion shares worth N20.048 billion in 20,219 deals were traded last week by investors on the floor of The Exchange in contrast to a total of 1.357 billion shares valued at N12.475 billion that exchanged hands last week in 17,867 deals.

The Financial Services Industry (measured by volume) led the activity chart with 4.013 billion shares valued at N11.007 billion traded in 12,655 deals; thus contributing 93.26% and 54.91% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 106.977 million shares worth N342.645 million in 1,151 deals. The third place was occupied by the Consumer Goods Industry with 53.380 million shares worth N4.686 billion in 2,856 deals.

Trading in the Top Three Equities namely – Equity Assurance Plc.; Access Bank Plc., and United Bank for Africa Plc (measured by volume) accounted for 3.251 billion shares worth N4.081 billion in 2,830 deals, contributing 75.53% and 20.36% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 2,556 units of Exchange Traded Products (ETPs) valued at N981,146.02 executed in 17 deals compared with a total of 55,201 units valued at N2.905 million transacted last week in 30 deals.

A total of 7,375 units of Federal Government Bonds valued at N7.766 million were traded last week in 7 deals compared with a total of 11,000 units valued at N12.346 million transacted last week in 4 deals.

By Pita Ochai

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