Equities trading on the floor of the Nigerian Stock Exchange (NSE) for the week ended Friday July 13, ended bearish as the All-Share-Index (ASI) dropped by 0.62 percent to close at 37,392,.77 points.
The Market Capitalisation in the same vein declined by 0.62percent to close the week at N13.546trillion. With the exception of Oil and Gas sector, which gained 0.71 percent, and the NSE Lotus II Sector that appreciated by 0.37 percent, all other indices finished lower.
Analysis of the trading activities showed that a total turnover of 1.219 billion Ordinary shares valued at N17.333 billion in 17,362 deals were traded by investors during the week in review as against 1.842 billion Ordinary shares worth N16.594 billion traded a fortnight ago in 18,941 deals.
According to trading statistics, the Financial Services sector led the activity chart with the highest volume of traded shares, totalling 842.823 million Ordinary shares exchanging hands at N9.587 billion in 9,231 deals.
As a result, the Sector contributed 69.15percent and 55.31 percent to the total equity turnover volume and value respectively. Another sector that attracted investors’ was the Consumer Goods sector with 113.667 million Ordinary shares traded, worth N4.657 billion in 3,120 deals, while the Services sector in third place 105.623 million shares worth N519.813 million in 593 deals.
However, the most traded equities in terms of volume were – Access Bank Plc, Zenith Bank Plc and Nigerian Aviation Handling Company Plc. The three accounted for 497.482 million Ordinary shares valued at N6.619 billion in 2,251 deals, thus contributing 40.82 percent and 38.19 percent to the total equity turnover volume and value respectively.