The Nigerian equities market this week closed on a negative note as the NSE All-Share Index and Market Capitalization both depreciated by 1.41% to close the week at 22,599.38 and N11.778 trillion respectively.
A total turnover of 1.195 billion units of shares, valued at N13.979 billion in 20,591 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.495 billion units of shares valued at N12.894 billion that exchanged hands last week in 20,982 deals.
The Financial Services industry led the activity chart with 965.571 million shares valued at N7.811 billion traded in 11,710 deals; thus contributing 80.79% and 55.88% to the total equity turnover volume and value respectively. The Industrial Goods industry followed with 54.803 million shares worth N1.509 billion in 2,043 deals. The third place was the Conglomerates industry, with a turnover of 54.114 million shares worth N111.406 million in 460 deals.
First Bank of Nigeria Holdings (FBNH), Guaranty Trust Bank and Zenith Bank accounted for 581.950 million units of shares, valued at N6.363 billion in 7,185 deals, contributing 48.69% and 45.52% to the total equity turnover volume and value respectively.
All other indices finished lower with the exception of NSE Insurance, NSE ASeM, NSE Meri Growth and NSE Industrial Goods, which appreciated by 1.17%, 3.55%, 0.96% and 0.71%.