Equities trading closed week at -0.74%

Investors on the floor of the Nigerian Stock Exchange (NSE) traded a total turnover of 1.538 billion shares worth N24.218 billion executed in 19,187 deals. This is in contrast to a total of 1.394 billion shares valued at N25.037 billion that exchanged hands in the preceeding week in 23,133 deals.

The NSE All-Share Index and Market Capitalisation depreciated by 0.74 per cent to close the week at 36,646.46 and N12.631 trillion respectively.

Similarly, all other indices finished lower during the week with the exception of the NSE Main Board.

A breakdown of this showed that the Financial Services Industry, measured by volume, led the activity chart with 1.209 billion shares valued at N14.210 billion traded in 10,692 deals; thus contributing 78.65 per cent and 58.68 per cent to the total equity turnover volume and value respectively.

The Agriculture Industry followed with 109.646 million shares worth N154.438 million in 321 deals, while the third place was occupied by Consumer Goods Industry with a turnover of 83.608 million shares worth N6.247 billion in 3,726 deals.

Trading in the top three equities namely – Unity Kapital Assurance Plc, Guaranty Trust Bank Plc and AIICO Insurance Plc, measured by volume, accounted for 579.065 million shares worth N7.900 billion in 1,856 deals, contributing 37.66 per cent and 32.62 per cent to the total equity turnover volume and value respectively.

NSE Banking and NSE Consumer Goods Indices appreciated by 1.34 per cent and 0.31 per cent respectively.

On the price movement chart, 32 equities appreciated in price during the week, higher than 19 equities of the previous week; while 40 equities depreciated in price, lower than 51 equities of the previous week. 99 equities remained unchanged lower than 101 equities recorded in the preceding week.

Also traded during the week were a total of 390 units of Exchange Traded Products (ETPs) valued at N6,511.60 executed in five deals compared with a total of 5,168 units valued at N65,570.28 transacted last week in eight deals.

In addition, a total of 3,657 units of Federal Government Bonds valued at N2,866,267.62 were traded this week in nine deals, compared with a total of 987 units valued at N986,951.99 transacted last week in a deal.