Stock Market ends week with 0.96% loss           

Toyin Ajadi, Lagos

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The All-Share Index of the Nigerian Stock Exchange depreciated by 0.96% to close the week at 39,799.89 points while the Market Capitalization also depreciated by 0.96% to close the week at N20.823 trillion.

Similarly, all other indices finished lower with the exception of NSE Banking, NSE AFR Bank Value, NSE MERI Growth and NSE Oil/Gas Indices which rose by 0.69%, 1.34%, 0.66% and 0.97% while the NSE ASeM and NSE Growth Indices closed flat.

A total turnover of 1.930 billion shares worth N20.656 billion in 24,687 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.541 billion shares valued at N18.235 billion that exchanged hands last week in 22,752 deals.

The Financial Services Industry led the activity chart with 1.450 billion

shares valued at N15.070 billion traded in 14,236 deals; thus contributing 75.11% and 72.96% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 154.906 million shares worth N179.673 million in 798 deals.

The third place was Consumer Goods Industry with a turnover of 111.782 million shares worth N2.270 billion in

3, 865 deals.

19 equities appreciated in price during the week, lower than 39 equities in the previous week.

Also, 44 equities depreciated in price, higher than 33 equities in the previous week, while 99 equities remained unchanged, higher than 90 equities recorded in the previous week.



Nneka Ukachukwu