Transactions on the floor of the Nigerian Stock Exchange last week closed on a bearish note as the All Share Index and Market Capitalization depreciated by 1.74% to close the week at 38,648.48 and N20.221 trillion respectively.
An aggregate of 1.675 billion units of shares valued at N23.541 billion in 21,732 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 2.092 billion shares valued at N29.744 billion that exchanged hands the previous week in 24,238 deals.
The Financial Services Industry led the activity chart with 1.2 billion units of shares valued at N10.272 billion traded in 12,518 deals; thus contributing 71.64% and 43.64% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 110.564 million shares worth N3.577 billion in 3,234 deals. The third place was Industrial Goods Industry, with a turnover of 99.761 million shares worth N5.322 billion in 1,309 deals.
Trading in the top three equities namely United Bank for Africa Plc, FBN Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 524.548 million shares worth N5.957 billion in 5,346 deals, contributing 31.32% and 25.30% to the total equity turnover volume and value respectively.
All other indices finished lower with the exception of NSE Mainboard, NSE Insurance, NSE ASeM, NSE MERI Growth, NSE Consumer Goods and NSE Oil/Gas Indices, which rose by 0.37%, 2.84%, 0.12%, 0.24%, 2.18 and 0.59% while the NSE Sovereign Bond Index closed flat.
Thirty-five (35) equities appreciated in price during the week, higher than fourteen (14) equities in the previous week. Thirty-eight (38) equities depreciated in price, lower than seventy-one (71) equities in the previous week, while eighty-nine (89) equities remained unchanged, higher than seventy-seven (77) equities recorded in the previous week.