Market displayed resilience during the week trading

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A total turnover of 1.195billion shares worth N13.979billion in 20,591deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.495billionshares valued at N12.894 billion that exchanged hands last week in 20,982deals.

The Financial Services industry (measured by volume) led the activity chart with 965.571million shares valued at N7.811billion traded in 11,710deals; thus contributing80.79% and 55.88% to the total equity turnover volume and value respectively. The Industrial Goods industry followed with 54.803million shares worth N1.509billion in 2,043deals. The third place was the Conglomerates industry, with a turnover of 54.114million shares worth N111.406million in 460deals.

Trading in the Top Three Equities namely, FBN Holdings Plc, Guaranty Trust Bank Plc and Zenith Bank Plc.(measured by volume) accounted for 581.950million shares worth N6.363billion in 7,185deals, contributing 48.69% and 45.52% to the total equity turnover volume and value respectively.

The NSE All-Share Index and Market Capitalization both depreciated by 1.41%to close the week at 22,599.38and N11.778trillion respectively. All other indices finished lower with the exception of NSE Insurance, NSE ASeM, NSE Meri Growth and NSE Industrial Goods, which appreciated by 1.17%, 3.55%, 0.96% and 0.71%.(See summary of Index movements in the table below).

Twenty-five (25) equities appreciated in price during the week, lower than thirty-seven (37) equities in the previous week. Thirty-three(33) equities depreciated in price, higher than twenty-one(21)equities in the previous week, while One hundred and five(105) equities remained unchanged, the same with the one hundred and five(105) equities recorded in the preceding week.

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