The Nigerian Stock Exchange (NSE) All-Share Index depreciated by 0.28percent to close the week ended April 20, 2018 at 40,814.89 points from week open level of 40,928.70 points. The value of listed equitied decreased to N14.743 trillion from a high of N14.784 trillion on April 13, 2018, indicating a decrease of about N41billion.
Thirty-six (36) equities gained in the review week, lower than 37 in the preceding week; while 33 equities depreciated in price, lower than 38 equities in the preceding week, while 100 equities remained unchanged higher than 94 equities recorded in the preceding week.
All other indices finished lower with the exception of NSE CG, NSE Premium, NSE-Main Board, NSE 30, NSE Banking, NSE Oil/Gas, and NSE Pension indices, which appreciated by 1.08percent, 1.38percent, 0.54percent, 0.13percent, 2.34percent, 0.73percent and 1.42percent respectively.
In the trading week under review, the stock market recorded total turnover of 3.008 billion shares worth N30.296 billion in 24,036 deals in contrast to a total of 1.415 billion shares valued at N19.644 billion that exchanged hands the preceding week in 20,659 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.539 billion shares valued at N23.510 billion traded in 13,179 deals; thus contributing 84.43percent and 77.60percent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 273.443 million shares worth N2.358 billion in 3,735 deals. The third place was occupied by Consumer Goods Industry with a turnover of 60.840 million shares worth N2.654 billion in 3,141 deals.
Trading in the top three equities– FCMB Group Plc, United Bank for Africa Plc and Oando Plc (measured by volume) accounted for 1.816 billion shares worth N9.599 billion in 3,851 deals, contributing 60.37percent and 31.69percent to the total equity turnover volume and value respectively.
