The Nigerian Stock Exchange, NSE, indices experienced a downturn in the trading week ended Friday August 15, 2014.
A turnover of 1.367 billion shares worth N13.295 billion in 23,973 deals were traded during the week by investors on the floor of the Exchange in contrast to a total of 1.430 billion shares valued at N20.185 billion that exchanged hands last week in 26,289 deals.
As a result, the NSE All-Share Index and market capitalization depreciated by 2.86 per cent to close on Friday at 41,380.05 and N13.664 trillion respectively. Similarly, all the NSE sector indices depreciated during the week with the exception of the NSE ASeM index that closed flat.
Thirty equities appreciated in prices during the week lower than 45 equities of the preceding week. Forty-four equities depreciated in prices higher than 36 equities of the preceding week, while 125 equities remained unchanged higher than 119 recorded in the preceding week.
Details of the report shows that the financial services industry (measured by volume) led the activity chart with 1.053 billion shares valued at N7.267 billion traded in 11,551 deals; thus contributing 77.05 per cent and 54.66 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 139.099 million shares worth 948.332 million in 1,570 deals. The third place was occupied by Consumer Goods Industry with 53.794 million shares worth N1.785 billion in 3,736 deals.
Trading in the top three equities namely; Continental Reinsurance Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 549.828 million shares worth N2.263 billion in 2,162 deals, contributing 40.22 per cent and 17.02 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 47,946 units of Exchange Traded Products (ETPs) valued at N1.008 million executed in 21 deals compared with a total of 282 units valued at N251,033.40 transacted last week in 12 deals.
Similarly, 300 units of FGN bonds valued at N339,762.78 were traded in 3 deals compared with a total of 28,400 units of FGN bonds valued at N28.087 million transacted last week in 6 deals.
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