Dipo Olowookere
By Dipo Olowookere
Last week, the All-Share Index (ASI) and market capitalisation of the Nigerian Stock Exchange (NSE) both depreciated by 1.17 percent to close at 27,306.81 points and N13.307 trillion respectively.
Similarly, all other indices finished lower with the exception of NSE Industrial Goods index which appreciated by 1.32 percent while NSE ASeM index closed flat.
During the five-day trading period, 12 equities appreciated in price, lower than 32 equities in the previous week, while 43 equities depreciated in price, higher than 27 equities in the previous week, with 113 equities remaining unchanged, higher that 109 equities recorded in the preceding week.
Data from the NSE disclosed that a total turnover of 1.1 billion shares worth N12.0 billion in 16,246 deals were traded in the week by investors in contrast to a total of 759.3 million shares valued at N14.0 billion that exchanged hands the previous week in 16,209 deals.
The financial services industry led the activity chart by volume with 900.3 million shares valued at N9.1 billion traded in 8,693 deals, contributing 83.30 percent and 75.54 percent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 51.2 million shares worth N64.4 million in 897 deals, while consumer goods sector recorded a turnover of 40.9 million shares worth N946.2 million in 3,090 deals.
Trading in Sterling Bank, Guaranty Trust Bank and Access Bank accounted for 511.9 million shares worth N6.1 billion in 2,074 deals, contributing 47.36 percent and 51.05 percent to the total equity turnover volume and value respectively.
