The Nigerian Exchange Limited (NGX) extended its decline last week as the bourse depreciated by another N25 billion following a N123 billion decline recorded in the previous week.
Investors traded 1.008 billion shares worth N10.923 billion in 17,297 deals during the week, against a total of 1.348 billion shares valued at N12.140 billion that exchanged hands in 21,581 transactions in the previous week.
In terms of volume traded, the financial services industry led the activity chart with 732.418 million shares valued at N7.213 billion traded in 9,131 deals. Therefore, contributed 72.62 percent and
66.04 percent to the total equity turnover volume and value traded in the week, respectively.
The Conglomerates Industry followed with 52.931 million shares worth N170.271 million in 656 deals. The third place was ICT Industry, with a turnover of 52.716 million shares worth N1.806 billion in 701 deals.
The top three most traded equities were Guaranty Trust Holding Company Plc, United Bank for Africa Plc and Zenith Bank Plc. The three accounted for 261.741 million shares worth N5.813 billion in 3,498 deals and contributed 25.95 percent and 53.22 percent to the total equity turnover volume and value, respectively.
The market valued of all listed equities dipped by 0.12 percent or N25 billion from N19.796 trillion recorded in the previous week to N19.771 trillion last week.
The NGX All-Share Index also depreciated by 0.12 percent or -47.01 index points from 37,994.19 index points posted in the previous week to 37,947.18 last week.
All other indices finished lower with the exception of NGX Banking, NGX AFR Div Yield, NGX MERI Growth, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.09 percent, 0.32 percent, 0.15 percent, 1.81 percent and 0.64 percent, respectively. While the NGX Premium, NGX ASeM and NGX Growth Indices closed flat.
