NSE ends trade week on a negative

Salamatu Ejembi, Lagos

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Logo of the Nigerian Stock Exchange (NSE)
 All-Share Index and Market Capitalization both depreciated by 2.65% to close the week at 28,843.53 and N14.857 trillion respectively.
This is the first week this year that the Exchange closed on the negative all through the trading week.
However, there was an increase in the units of shares traded, where a total turnover of 1.561 billion shares worth N26.073 billion in 21,444 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.237 billion shares valued at N22.762 billion that exchanged hands last week in 21,156 deals.
Sectoral performances shows that All other indices finished lower with the exception of NSE Insurance and NSE Consumer Goods index which appreciated by 0.90% and 0.09% respectively while NSE ASeM Index closed flat.
The Financial Services industry (measured by volume) led the activity chart with 1.154 billion shares valued at N13.650 billion traded in 11,306 deals; thus contributing 73.93% and 52.35% to the total equity turnover volume and value respectively.
The Consumer Goods followed with 137.115 million shares worth N3.177 billion in 2,908 deals.
The third place was ICT industry, with a turnover of 94.464 million shares worth N6.554 billion in 894 deals.
Meanwhile, trading in the Top Three Equities namely, Veritas Kapital Assurance Plc, Zenith Bank Plc and Guaranty Trust Bank Plc. (measured by volume) accounted for 604.668 million shares worth N9.370 billion in 4,069 deals, contributing 38.74% and 35.94% to the total equity turnover volume and value respectively.
In the just ended trading week, Seventeen (17) equities appreciated in price during the week, lower than thirty-two (32) equities in the previous week.
Forty-four (44) equities depreciated in price, higher than twenty-eight (28) equities in the previous week, while one hundred and two (102) equities remained unchanged, lower than one hundred and three (103) equities recorded in the preceding week.
A total of 29,514 units valued at N7.781 million were traded this week in 14 deals, compared with a total of 141 units valued at N520, 511.70 transacted last week in 6 deals.
A total of 24,014 units of Federal Government Bonds valued at N26.120 million were traded this week in 12 deals, compared with a total of 59,632 units valued at N71.501 million transacted last week in 24 deals.
Suzan O