BY AMOBI JEWEL —–Sixty-One equities depreciated in price, higher than fifty-four (54) of the previous week, while ninety-four (94) others remained unchanged lower than ninety-five (95) recorded in the preceding week at the floor of the Nigerian Stock Exchange for the week ended 25th May. 2018.
However, fourteen (14) equities appreciated in price during the week, lower than twenty (20) in the previous week, while the market capitalisation lost N416 billion.
When measured by volume, trading in the top three equities namely –Zenith Bank International Plc, African Alliance Insurance Company Plc and Ikeja Hotel Plc accounted for 276.876 million shares worth N2.939 billion in 2,112 deals, contributing 20.18% and 18.35% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 70 units of Exchange Traded Products (ETPs) valued at N1,943.00 executed in 7 deals, compared with a total of 153,246 units valued at N4.009 million that was transacted last week in 22 deals.
During the week a total turnover of 1.372 billion shares worth N16.022 billion in 21,099 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.457 billion shares valued at N23.666 billion that exchanged hands last week in 19,674 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.010 billion shares valued at N8.670 billion traded in 12,049 deals; thus contributing 73.62% and 54.11% to the total equity turnover volume and value respectively. The Services Industry followed with 107.246 million shares worth N229.715 million in 712 deals. The third place was occupied by Consumer Goods Industry with a turnover of 71.946 million shares worth N5.506 billion in 3,818 deals.
At the close of trading for the week The NSE All-Share Index and Market Capitalization dropped by 2.84% to close the week at 39,323.62 and N14.244 trillion respectively.