Market Indices Depreciated by 1.38 Percent

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T he equity market closed negatively at the end of last week trading with All Share Index and Market Capitalization depreciating by 1.38 per cent, closing at 27,146.57 points and N13.207 trillion respectively.

According to the NSE weekly report, all other indices finished lower with the exception of NSE Banking, NSE Pension, NSE Insurance, NSE-AFR Bank Value, NSE AFR Div Yield, NSE MERI Value, and NSE Industrial Goods Indices which appreciated by 0.20%, 0.84%, 0.83%, 1.56%, 1.41%, 1.64%, and 0.59% while the NSE ASeM index closed flat.

Volume of trade by investors for the week stood at 1.101 billion shares worth N17.082 billion in 15,431 deals in contrast to a total of 713.141 million shares valued at N13.295 billion in 16,237 deals traded last week on the floor of the Exchange.

The Financial Services industry (measured by volume) led the activity chart with 752.440 million shares valued at N9.900 billion traded in 8,519 deals; thus contributing 68.34% and 57.96% to the total equity turnover volume and value respectively. The Conglomerates industry followed with 93.204 million shares worth N239.250 million in 883 deals. The third place was Construction/Real Estate Industry with a turnover of 65.808 million shares worth N66.730 million in 100 deals.

Trading in the Top Three Equities namely, Guaranty Trust Bank Plc, Access Bank Plc and Zenith Bank Plc (measured by volume) accounted for 530.372 million shares worth N9.096 billion in 3,604 deals, contributing 48.17% and 53.25% to the total equity turnover volume and value respectively.

A total of 47,690 units of Federal Government Bonds valued at N51.008 million were traded this week in 15 deals compared with a total of 4,336 units valued at N4.443 million transacted last week in 12 deals.

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