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NSE extends weekly losses by 0.65%



NSE extends weekly losses by 0.65%


Trading activities on the floor of the Nigerian stock market continued to skew downwards as the NSE All-Share Index and market capitalization depreciated by 0.65 per cent and 0.59 per cent to close last week at 29,851.29 and N13.155 trillion respectively.

All other indices finished higher with the exception of the NSE-Main Board Index, NSE Premium Index, NSE MERI Growth Index, NSE Consumer Goods Index and NSE Lotus II which depreciated by 0.49 per cent, 0.77 per cent, 0.83 per cent, 1.64 per cent and 1.54 per cent respectively while NSE ASeM Index closed flat.

A total turnover of 7.476 billion shares worth N91.107 billion in 17,192 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 868.739 million shares valued at N15.792 billion that exchanged hands the previous week in 12,201 deals.

The Financial Services Industry (measured by volume) led the activity chart with 6.121 billion shares valued at N17.460 billion traded in 8,479 deals; thus contributing 81.87 per cent and 19.16 per cent to the total equity turnover volume and value respectively.

The Oil & Gas Industry followed with 1.002 billion shares worth N65.058 billion in 2,019 deals. The third place was ICT Industry with a turnover of 115.320 million shares worth N3.387 billion in 866 deals. Trading in the top three equities namely, Wema Bank Plc, Forte Oil Plc and Zenith Bank Plc (measured by volume) accounted for 6.573 billion shares worth N77.492 billion in 2,895 deals, contributing 87.91 per cent and 85.06 per cent to the total equity turnover volume and value respectively.

34 equities appreciated in price during the week, higher than 19 in the previous week. 33 equities depreciated in price, higher than 31 equities of the previous week, while 101 equities remained unchanged, lower than 118 equities recorded in the preceding week.
A total of 662 units valued at N990,530.00 were traded last week in 4 deals compared with a total of 2,163 units valued at N354,065.06 that was transacted the previous week in 6 deals.

A total of 21,682 units of Federal Government Bonds valued at N22.552 million were traded last week in 29 deals compared with a total of 235 units valued at N229,216.74 transacted the previous week in 14 deals.

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