By Peter Egwuatu

The Nigerian Stock Exchange, NSE All-Share Index and market capitalization depreciated last week by 2.34 per cent to close on Friday at 30,705.62 and N10.524 trillion respectively. Similarly, all the indices finished lower during the week under review with the exception of the NSE Industrial Goods index that chalked up 0.11 per cent higher.

Nigerian Stock Exchange

However, NSE ASeM Index closed flat.

Sixteen(16) equities appreciated in price during the week under review , lower than thirty-seven(37) equities of the preceding week. Fifty-eight (58) equities depreciated in price, higher than twenty-nine (29) equities of the preceding week, while one hundred and sixteen (116) equities remained unchanged, lower than one hundred and twent-four (124) equities recorded in the preceding week.

A turnover of 1.357 billion shares worth N12.475 billion in 17,867 deals were traded last week by investors on the floor of the exchange in contrast to a total of 2.382 billion shares valued at N18.989 billion that exchanged hands last penultimate week in 19,769 deals.The Financial Services Industry (measured by volume) led the activity chart with 1.144 billion shares valued at N7.357 billion traded in 10,830 deals; thus contributing 84.34 per cent and 58.98 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 53.776 million shares worth N218.675 million in 873 deals. The third place was occupied by the Consumer Goods Industry with 42.577 million shares worth N2.394 billion in 2,586 deals. Trading in the top three equities namely – Standard Alliance Insurance Plc.; Access Bank Plc., and Zenith International Bank Plc (measured by volume) accounted for 566.664 million shares worth N3.393 billion in 2,767 deals, contributing 41.77 per cent and 27.20 per cent to the total equity turnover volume and value respectively

ETPs

Also traded during the week under review were a total of 55,201 units of Exchange Traded Products (ETPs) valued at N2.905 million executed in 30 deals compared with a total of 6,639 units valued at N999,551.05 transacted last week in 22 deals.

BONDS

A total of 11,000 units of Federal Government Bonds valued at N12.346 million were traded last week in 4 deals compared with a total of 14,473 units valued at N15.576 million transacted last week in 6 deals.

A total amount of N30 billion 7 years fixed rate 16.48 per cent subordinated unsecured bonds due 2022 issued by Fidelity Bank Plc was admitted to trade at the exchange on 13th of August 2015.