The All-Share Index and Market Capitalisation of Nigerian Excgange Limited depreciated by 0.53 per cent and 0.50 per cent last week. This came after weeks of bearish sentiment was halted last week by 0.24 per cent increase.
According to the Nigerian Exchange Group Limited report, the NGX ASI and Market Cap depreciated by 0.53 per cent and 0.50 per cent to close the week at 51,557.41 and N27.803tn respectively.
Similarly, all other indices finished lower, with the exception of the NGX AFR bank value index, which appreciated by 0.38 per cent, while NGX ASeM and NGX Sovereign Bond Indices closed flat.
Over of 822.404 million shares worth N10.366bn in 20,643 deals were traded on the floor of the exchange, against the previous week’s 1.348 billion shares valued at N24.487bn in 22,155 deals.
The Financial Services Industry, measured by volume, led the activity chart with 491.27 million shares valued at N4.499bn in 9,961 deals; thus contributing 59.74 per cent and 43.4 per cent to the total equity turnover volume and value respectively.
The Conglomerates Goods Industry followed with 81.698 million shares worth N218.285m in 605 deals. The third place was the Consumer Goods Industry, with a turnover of 55.052 million shares worth N855.318m in 3,093 deals.
Trading in the top three equities were Guaranty Trust Holding Company, United Bank for Africa and Transnational Corporation, measured by volume, accounted for 244.025 million shares worth N2.680bn in 3,732 deals, contributing 29.67 per cent and 25.86 per cent to the total equity turn over volume and value respectively.
