Investment in the nation’s equity market market last week closed in a negative trend, shedding N237 billion.
Specifically, market capitalisation of listed equities declined by 1.71 per cent to N13.629 trillion from N13.866 trillion reported the previous week.
The Nigerian Stock Exchange All Share Index declined also by 652.96 basis points to 37625.59 points from 38278.55 reported the previous week.
Similarly, all other indices finished lower with the exception of the NSE Insurance Index that appreciated by 0.53 per cent.
NSE Corporate Governance index dropped by 22.50 to 1,512 56 points, NSE Premium index sheds 48.12 to 2,672.30 points, The NSE Main Board index depreciated by 28.38 basis points to 2,690.79, NSE ASeM index fell by 95.69 to 823.90 , NSE 30 index went down by 33.94 to 1,705.14, NSE Banking Index decreased by 0.31 per cent to 475.74 , NSE Consumer Good index fell by 32.36 basis points to 895.36, NSE Oil & Gas index sheds 9.27 to 313.95 points, NSE Lotus II down by 74.43 to 2,552.16 points, NSE Industrial Goods index dropped by 55.70 to 1953.00, NSE Pension index sheds 29.41 to 1,460.66 points.
The NSE trading activities showed that investors traded turnover of 1.842 billion shares worth N16.594 billion in 18,941 deals were traded this week by investors in contrast to a total of 2.004 billion shares valued at N21.582 billion that exchanged hands previous week in 18,534 deals.
The Financial Services Industry led the activity chart with 1.018 billion shares valued at N10.906 billion traded in 10,092 deals, contributing 55.28 per cent and 65.72 per cent to the total equity turnover volume and value respectively.
The Services Industry followed with 313.481 million shares worth N1.861 billion in 782 deals.
The third position was occupied by Natural Resources Industry with a turnover of 304.922 million shares worth N61.366 million in 82 deals.
Trading in the top three equities namely -United Bank for Africa Plc, Multiverse Mining and Exploration Plc and Nigerian Aviation Handling Company Plc accounted for 912.300 million shares worth N5.308 billion in 1,025 deals, contributing 49.53 per cent and 31.99 per cent to the total equity turnover volume and value respectively.
A review of the transactions showed that 27 listed companies appreciated in price during the week, against 32 reported in the previous week.
The result also revealed that 45 equities depreciated in price, higher than 39 recorded the preceding week, while 97 firms remained unchanged 98 equities recorded in the preceding week.
An analysis of the trading activities showed that Mutual Benefits Assurance Plc led gainers table for the week, gaining 21.62 per cent or N0.08 kobo to close at N0.45 kobo, Multiverse Mining and Exploration followed with a gain of N20.00 or N0.04 kobo to close at N0.24 kobo.
Unity Bank Plc gained 14.43 per cent or N0.14 kobo to close at N1.11 kobo.
Other companies appreciated in price were were University Press 9.44 per cent, Royal Exchange Plc 9.09 per cent, C&I Leasing Plc 8.70 per cent, AIICO Insurance Plc 8.20 per cent, Julius Berger Nigeria Plc 7.27 per cent, Consolidated Hallmark Insurance Plc 6.90 per cent and NEM Insurance Company Nigeria Plc 6.25 per cent On the contrary, Forte Oil recorded the highest loss for the week, declining by 19.79 per cent or N6.50 kobo to close at N26.35 kobo, Omoluabi Mortgage Bank Plc trailed with a loss of 18.31 per cent or N0.13 kobo to close at N0.58 kobo, Mcnichols Plc down by 17.35 per cent or N0.13 kobo to close at N0.58 kobo.
Other firms depreciated in price were Cornerstone Insurance Company Plc 17.14 per cent, MRS Oil Nigeria Plc 16.64 per cent, Honey Well Flour Mills Plc 11.79 per cent, Sovereign Trust Insurance Plc 10.80 per cent, II Plc 9.84 per cent, Capital Oil Plc 9.09 per cent, Transnational Corporation of Nigeria Plc 8.57 per cent.