NSE extends weekly losses by 0.003%

The NSE All-Share Index and market capitalisation both depreciated by 0.003 per cent to close the week at 27,918.59 and N13.606 trillion respectively.

All other indices finished higher with the exception of NSE-Main Board, NSE Banking, NSE Pension, NSE Insurance, NSE AFR Div Yield and NSE Oil/Gas indices, which depreciated by 0.28 per cent, 0.39 per cent, 0.18 per cent, 0.94 per cent, 1.13 per cent and 0.19 per cent respectively.

 A total turnover of 1.069 billion shares worth N11.393 billion in 16,346 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.086 billion shares valued at N13.390 billion that exchanged hands the previous week in 15,774 deals.

 The Financial Services industry (measured by volume) led the activity chart with 606.437 million shares valued at N5.381 billion traded in 7,529 deals; thus contributing 56.75 per cent and 47.23 per cent to the total equity turnover volume and value respectively. The ICT industry followed with 225.576 million shares worth N1.776 billion in 751 deals.

 The third place was Conglomerates industry with a turnover of 66.375 million shares worth N85.924 million in 890 deals. Trading in the top three equities, Courteville Business Solutions Plc, United Bank for Africa Plc and FCMB Group Plc (measured by volume) accounted for 402.694 million shares worth N819.828 million in 1,526 deals, contributing 37.68 per cent and 7.20 per cent to the total equity turnover volume and value respectively.

 Thirty one equities appreciated in price during the week, higher than 15 equities in the previous week. 29 equities depreciated in price, lower than 52 equities in the previous week, while 109 equities remained unchanged, higher than 102 equities recorded in the preceding week.

 A total of 753 units valued at N102,213.02 were traded last week in eight deals. There was no trade recorded the previous week.

 A total of 22,242 units of Federal Government Bonds valued at N22.559 million were traded last week in 15 deals compared with a total of 5,666 units valued at N5.847 billion transacted the previous week in 17 deals.

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