At the Nigerian Stock Exchange (NSE) week ended 26 July 2019. The All-Share Index and the Market Capitalization depreciated by 0.003% to close the week at 27,918 and N13,606 trillion respectively.
The ASI dropped 1 basic points during the week ended 26 July 2019 from 27,919 points the previous week. While Market Capitalization lost N1 billion from N13,607 trillion as at the end of trading on 19 July 2019.
The week activities saw the All Share Index declines year-to-date loss now at 2,320 basic points representing 8% decline since week 1, 2019. Market Capitalization has however grew by N2.170 trillion year-to-date representing 19 percent growth from the beginning of year 2019.
The volume of shares traded during the week when compared to the previous week decreased by 17 million; Value of stocks traded increased by N3 million while the number of deals consummated increased by 572 deals when compared to previous week trading figures.
The Financial Services Industry led the activity chart again this week with 606.4 million shares valued at N5.38 billion traded in 7,529 deals; thus contributing 56%, 47% and 46% to the total equity turnover volume, value and deals respectively.
The ICT Industry followed with 225.576 million shares worth N1.776 billion in 751 deals. The third place was Conglomerates Industry with a turnover of 66.375 million shares worth N85.924 million in 890 deals.
The NSE-Banking Index depreciated week-on-week by 0.39%, depreciated month-to-date by 9.16%. The Banking Index also depreciated by 9.16% quarter-to-date and also deprecated by 16.46% year-to-date.
Trading in the Top Three Equities namely, Courteville Business Solutions Plc, United Bank for Africa Plc and FCMB Group Plc accounted for 402.7 million shares worth N819.8 million in 1,526 deals, contributing 38% and 7% to the total equity turnover volume and value respectively.
The NPF Microfinance Bank and Wema Bank Plc are the 2 Banks among the top the top 10 gainers list this week with a 16k and 4K gains respectively closing at N1.29k and 62k respectively.
Unity Bank Plc is the only bank in the top 10 decliners list this week with a lost of 6k to close at 58k.
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