Equities investors stake N26.6bn in 4 days bearish trade

The Nigerian Stock Exchange All-Share Index and Market Capitalisation depreciated by 1.60 per cent to close the week at 40,841.14 and N14.753 trillion respectively.

Similarly, all other indices finished lower during the week.

Meanwhile, a total turnover of 1.765 billion shares worth N26.562 billion in 20,265 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 2.328 billion shares valued at N28.927 billion that exchanged hands previous week in 25,530 deals.

• Equities market records 2-week gain, advances 1.64% w/w

The Financial Services Industry (measured by volume) led the activity chart with 1.468 billion shares valued at N18.707 billion, traded in 12,850 deals; thus contributing 83.18 per cent and 70.43 per cent to the total equity turnover volume and value respectively.

The Conglomerates industry followed with 127.882 million shares worth N623.871 million in 971 deals. The third place was occupied by Consumer Goods with a turnover of 69.868 million shares worth N6.189 billion in 2,930 deals.

Zenith International Bank Plc, Access Bank Plc and United Bank for Africa Plc accounted for 543.758 million shares worth N9.739 billion in 3,533 deals, contributing 30.81 per cent and 36.66 per cent to the total equity turnover volume and value respectively.

During the week under review, 19 equities appreciated in price, lower than 40 of the previous week. 53 equities depreciated in price, higher than 40 equities of the previous week, while 99 equities remained unchanged higher than 91 equities recorded in the preceding week.