The Nigerian stock market closed in the red last week despite posting a 0.70% gain in the previous week.
Investors exchanged a total of 719.398 million shares worth N8.004 billion in 17,444 deals, against a total of 949.819 million shares valued at N9.329 billion that exchanged hands in 18,525 deals in the previous week.
Breaking down activity in key sectors, the Financial Services Industry led the activity chart with 411.407 million shares valued at N3.943 billion traded in 9,471 deals. Therefore, contributing 57.19% and 49.26% to the total equity turnover volume and value respectively.
The ICT Industry followed with 177.815 million shares worth N955.781 million in 1,573 deals. The third place was the Conglomerates Industry, with a turnover of 36.577 million shares worth N2.332 billion in 2,425 deals.
Courteville Business Solutions Plc, Zenith Bank Plc and Access Holdings Plc were the three most traded equities and accounted for 278.293 million shares worth N1.984 billion that exchanged hands in 3,038 deals. The three contributed a combined 38.68% and 24.78% to the total equity turnover volume and value respectively.
The Nigerian Exchange Limited (NGX) All-Share Index depreciated by -219.70 index points, or 0.44% to 49,475.42, down from 49,475.42 index points recorded in the previous week. The market value of all listed equities declined by N119 billion from N26.805 trillion it closed in the previous week to N26.686 trillion last week.
Similarly, all other indices finished lower while the NGX ASeM and NGX Growth indices closed flat.
Thirteen equities appreciated in price during the week, lower than twenty-two equities in the previous week. Thirty-nine equities depreciated in price higher than Thirty-six in the previous week, while one-hundred and four equities remained unchanged higher than ninety-eight equities recorded in the previous week.
The Exchange year-to-date return to 15.82%. See details of top gainers and losers below.
