Last week was gloomy for the stock market as coronavirus panic and lower oil price jittery-selling pushed the market to its worst weekly loss.
The NSE All-Share Index and market capitalisation both depreciated by 13.49 per cent to close the week at 22,733.35 and N11.847tn respectively.
All other indices also finished lower while NSE ASeM Index closed flat.
A total turnover of 3.964 billion shares worth N43.703bn in 26,054 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.814 billion shares valued at N26.008bn that exchanged hands the previous week in 23,494 deals.
Further analysis showed that the financial services industry (measured by volume) led the activity chart with 3.547 billion shares valued at N33.623bn traded in 19,150 deals, thus contributing 89.48 per cent and 76.9 per cent to the total equity turnover volume and value respectively.
The consumer goods followed with 91.135 million shares worth N6.007bn in 2,341 deals.
The third place was conglomerates industry, with a turnover of 88.406 million shares worth N132.508m in 679 deals. Trading in the top three equities namely, Zenith Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc (measured by volume), accounted for 2.448 billion shares worth N29.563bn in 12,301 deals, contributing 61.75 per cent and 67.64 per cent to the total equity turnover volume and value respectively.
Two equities appreciated in price during the week, lower than 36 equities in the previous week.
Sixty-four equities depreciated in price, higher than 25 equities in the previous week, while 97 equities remained unchanged, lower than 102 equities recorded in the preceding week.
A total of 75,285 units valued at N472.951m were traded last week in six deals, compared with a total of 8,193 units valued at N68.49m transacted the previous week in 11 deals.
A total of 62,290 units of the Federal Government bonds valued at N71.46m were traded last week in 18 deals, compared with a total of 61,750 units valued at N69.99m transacted the previous week in 27 deals.
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