The banking and Insurance stocks led the bearish stint of the Nigerian Stock Exchange last week with the local market recording a N15.3 billion turnover at the end of trading on Friday.
The volume of shares traded during the week stood at 914.4 million, which were exchanged in 18,021 deals.
The financial services industry (measured by volume) led the activity chart with 723 million shares valued at N5.2 billion traded in 9,122 deals. The sector contributed 79.08 per cent to the total market turnover.
The consumer goods sector followed, trading 51.1 million units of shares valued at N4.7 billion in 2,610 deals. The conglomerate industry ranked third with a turnover of 36.1 million shares worth N72.4 million in 527 deals.
Trading in the top three equities – Mutual Benefits Assurance Plc, FBN Holdings Plc and Access Holdings Plc (measured by volume) accounted for 325.8 million shares worth N1.8 billion in 1,897 deals, contributing 35.6 per cent to activities.
A total of 6,968 units of exchange-traded products (ETPs) valued at N894, 205.74 were traded in the week in 17 deals compared to a total of 2,378 units valued at N1.5 million transacted the previous week in 22 deals.
Also, 470 bonds valued at N18.2 million were traded in 15 deals compared to a total of 78,821 units valued at N82.638 million transacted the preceding week.
The NGX all-share index (ASI) and market capitalisation appreciated by 0.6 per cent to close the week at 49,682.15 and N26.797 trillion respectively.
All other indices finished lower except NGX-Main Board, NGX 30 Index, NGX Insurance Index, NGX-AFR Bank Value and NGX Lotus II Indices appreciated by 2.56 per cent, 0.48 per cent, 3.88 per cent, 0.07 and 0.11 per cent while NGX ASeM and Growth indices closed flat.
Twenty-seven equities appreciated during the week, higher than 21 equities in the previous week. Thirty-eight equities depreciated and that was lower than 41 recorded the previous week.
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