Equities end last week on N35bn loss
Trading on equities on the floor of the Nigerian Stock Exchange (NSE) commence a new trading week today on the negative record of 0.39 per cent decline it closed last week.
The NSE All-Share Index (ASI) shed 102.39 points to close at 26,223.54 absolute points while the equities market capitalisation lost N35 billion to close the week at N9.023 trillion.
Similarly, all other indices finished lower during the week with the exception of the NSE Banking, NSE Insurance, NSE Pension indices that appreciated by 1.80 per cent, 1.00 per cent and 0.19 per cent respectively while the NSE ASem Index closed flat.
A total turnover of 1.340 billion shares worth N8.903 billion in 15,733 deals were traded last week in contrast to a total of 1.117 billion shares valued at N9.041 billion that exchanged hands the previous week in 16,482 deals.
The financial services industry, measured by volume, led the activity chart with 1.107 billion shares valued at N3.918 billion traded in 9,429 deals, thus contributing 82.56 per cent and 44.01 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 74.790 million shares worth N82.353 million in 584 deals, while the third place was occupied by the consumer goods industry with a turnover of 47.603 million shares worth N1.466 billion in 2,463 deals.
Trading in the top three equities namely, Fidelity Bank Plc, Continental Reinsurance Plc and Diamond Bank Plc, measured by volume, accounted for 550.669 million shares worth N576.849 million in 1,558 deals, contributing 41.08 per cent and 6.48 per cent to the total equity turnover volume and value respectively.