Despite the bearish tone of transactions recorded on the trading floor of the Nigerian Stock Exchange earlier last week, transactions closed the week with the financial services industry (measured by volume) taking the lead on the activity chart with a record of 829.468 million shares valued at N8.493 billion traded in 8,596 deals.
This accounts for 76.41% and 63.42% to the total equity turnover volume and value respectively.
Trading in equities of FBN Holdings Plc, Guaranty Trust Bank plc and United Bank for Africa (UBA) Plc (measured by volume) accounted for 420.921 million shares worth N5.516 billion exchanged in 3,430 transactions.
Thus contributing 38.77% and 41.19% to the total equity turnover volume and value respectively.
The ICT Industry followed with 90.049 million shares worth N851.989 million in 658 deals. While the Conglomerates followed close in third place was with a turnover of 56.788 million shares worth N84.522 million in 731 deals.
The NSE All-Share Index and Market Capitalization both depreciated by 2.27% to close the week at 27,919.50 and N13.607 trillion respectively.
Fifteen equities appreciated in price during the week, lower than Eighteen in the previous week while Fifty-two equities depreciated in price, higher than Thirty-nine equities recorded in the previous week.
However, one hundred and two equities remained unchanged, lower than one hundred and eleven equities recorded in the preceding week.
BONDS
The sum of N5.847 billion was traded last week in 17 transactions for 5,666 units of Federal Government Bonds compared with a total of 756 units valued at N730,454.35 traded the previous week in 7 deals.
Meanwhile, the suspension placed on trading on the securities of Lasaco Assurance Plc, which was one of the eleven companies that were suspended recently has been lifted by the Nigerian Stock Exchange following the filling of its Audited Financial Statement for the year ended 31 December 2018 to The Exchange.
