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Equities resumes on loss as index down 0.08% WoW

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Another N224bn weekly profit confirms predictions on Nigerian equities

Investors are resuming equities trading at the Nigerian Stock Exchange today for another weekly trading guided by market trends that drove the events to a negative territory last week.

The NSE All-Share Index depreciated by 0.08% while Market Capitalization of equities investments appreciated by 0.10% to close the week at 25,572.57 basis points and N13.365 trillion respectively.

All other indices finished lower with the exception of NSE Main Board, NSE Pension, NSE Insurance, NSE Meri Growth, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods Index which appreciated by 0.13%, 0.06%, 0.01%, 0.17%, 0.13%, 0.19% and 0.50% respectively while NSE ASeM Index closed flat.

In terms of turnover, a total turnover of 1.139 billion shares worth N12.692 billion in 17,109 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.226 billion shares valued at N10.842 billion that exchanged hands the previous week in 19,529 deals.

The Financial Services industry (measured by volume) led the activity chart with 870.300 million shares valued at N7.863 billion traded in 9,427 deals; thus contributing 76.43% and 61.95% to the total equity turnover volume and value respectively.

The Industrial Goods industry followed with 62.689 million shares worth N1.162 billion in 1,557 deals. The third place was the ICT industry, with a turnover of 50.859 million shares worth N2.552 billion in 619 deals.

Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc. (measured by volume) accounted for 353.048 million shares worth N4.018 billion in 3,095 deals, contributing 31.00% and 31.66% to the total equity turnover volume and value respectively.

A total of 143,690 units of ETPs valued at N1.246 billion were traded this week in 19 deals compared with a total of 54,457 units valued at N283.940 million transacted the preceding week in 18 deals.

Similarly, investors also traded a total of 18,803 units of bonds valued at N19.581 million were traded this week in eight deals compared with a total of 7,125 units valued at N7.762 million transacted week the previous week in 15 deals.

 

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