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Market Digest Nigeria

Business

NSE Closes Week Bearish With 1.7% Loss

NSE
Nigerian Stock Exchange Logo

Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed last week on the negative note, as the NSE All-Share Index and Market capitalisation depreciated by 1.71 per cent to close the week at 37,625.59 and N13.630 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE Insurance Index that appreciated by 0.53 per cent. Its Year-to-Date (YTD) returns currently stands at -1.61 per cent.

Further analysis showed that a total turnover of 1.842 billion shares worth N16.594 billion in 18,941 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 2.004 billion shares valued at N21.582 billion that exchanged hands the previous week in 18,534 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.018 billion shares valued at N10.906 billion traded in 10,092 deals; thus contributing 55.28 per cent and 65.72 per cent to the total equity turnover volume and value respectively.

The Services Industry followed with 313.481 million shares worth N1.861 billion in 782 deals. The third place was occupied by Natural Resources Industry with a turnover of 304.922 million shares worth N61.366 million in 82 deals.

Trading in the top three equities namely- United Bank for Africa Plc, Multiverse Mining and Exploration Plc and Nigerian Aviation Handling Company Plc (measured by volume) accounted for 912.300 million shares worth N5.308 billion in 1,025 deals, contributing 49.53 per cent and 31.99 per cent to the total equity turnover volume and value respectively.

Twenty-seven equities appreciated in price last the week, lower than 32 in the previous week. Forty-five equities depreciated in price, higher than 39 equities of the previous week, while 97 equities remained unchanged lower than 98 equities recorded in the preceding week.

Also traded last week were a total of 25,220 units of Exchange Traded Products (ETPs) valued at N454,438.90 executed in four deals, compared with a total of 4,211 units valued at N96,115.90 that was transacted the previous week in 18 deals.
A total of 2,359 units of Federal Government valued at N2.188 million were traded last week in 24 deals, compared with a total of 6,108 units valued at N3.710 million transacted the previous week in 13 deals.

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