- Stocks Fall Further, Market Capitalisation Hits N13.5tn
The All-Share Index of the Nigerian Stock Exchange and the market capitalisation of listed equities depreciated by 0.62 per cent to close at 37,392.77 and N13.546tn respectively last week.
Similarly, all other indices finished lower with the exception of the NSE Oil/Gas and the NSE Lotus II Indices that appreciated by 0.71 per cent and 0.37 per cent respectively.
Twenty-one equities appreciated in price during the week, lower than 27 in the previous week; 55 equities depreciated in price, higher than 45 equities of the previous week, and 93 equities remained unchanged, lower than 97 equities recorded in the preceding week.
A total turnover of 1.219 billion shares worth N17.333bn in 17,362 deals were traded last week by investors on the floor of the Exchange, compared to 1.842 billion shares valued at N16.594bn that exchanged hands in 18,941 deals the previous week.
The financial services industry (measured by volume) led the activity chart with 842.823 million shares valued at N9.587bn traded in 9,231 deals, thus contributing 69.15 per cent and 55.31 per cent to the total equity turnover volume and value respectively.
The consumer goods industry followed with 113.667 million shares worth N4.657bn in 3,120 deals, while the third place was occupied by services industry with a turnover of 105.623 million shares worth N519.813 million in 593 deals.
Trading in the top three equities, namely Access Bank Plc, Zenith International Bank Plc and Nigerian Aviation Handling Company Plc (measured by volume), accounted for 497.482 million shares worth N6.619bn in 2,251 deals, contributing 40.82 per cent and 38.19 per cent to the total equity turnover volume and value respectively.
