Transactions on the floor of the Nigerian Stock Exchange last week closed in red as the NSE All-Share Index and Market Capitalization depreciated by 2.57% to close the week at 34,136.82 and N17.838 trillion respectively. Year to date, the market has returned 27.18%.
An aggregate of 11.400 billion units of shares, valued at N35.892 billion in 39,265 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 4.509 billion shares valued at N58.733 billion that exchanged hands the previous week in 47,140 deals.
The Construction/Real Estate industry measured by volume led the activity chart with 8.529 billion shares valued at N6.055 billion traded in 438 deals; thus contributing 74.82% and 16.87% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 1.991 billion shares worth N19.933 billion in 21,725 deals. The third place was the Conglomerates Industry, with a turnover of 423.702 million shares worth N526.698 million in 1,962 deals. Trading in the top three equities namely UAC- Property Development Company Plc, Transnational Corporation of Nigeria Plc and Jaiz Bank Plc (measured by volume) accounted for 9.259 billion shares worth N6.639 billion