The stocks market sustained its downward trend as investors lost N108bn this week.
The investors had earlier lost N1.324tn a week earlier, making the loss figure to hit N1.432tn in two weeks
The NGX All-Share Index and Market Capitalization depreciated by 0.46% and 0.19% to close the week at 97,745.73 and N55.497tn respectively.
Similarly, all other indices finished lower with the exception of NGX Main Board, NGX Insurance, NGX ASeM and NGX Oil and Gas which appreciated by 0.01%, 1.59%, 5.26% and 4.27% respectively, while the NGX Sovereign Bond indices closed flat.
According to the NGX, 40 equities appreciated in price during the week higher than twenty (20) equities in the previous week.
Forty (40) equities depreciated in price lower than forty-seven (47) in the previous week, while seventy-one (71) equities remained unchanged, lower than eighty-four (84) recorded in the previous week.
The NGX market report obtained by Dailyeconomy showed a total turnover of 3.393 billion shares worth N52.304bn in 44,814 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 3.557 billion shares valued at N47.220bn that exchanged hands last week in 42,871 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.875 billion shares valued at N36.995bn traded in 23,791 deals; thus contributing 84.73% and 70.73% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 141.927 million shares worth N6.698bn in 4,476 deals.
The third place was the Consumer Goods Industry, with a turnover of 97.306 million shares worth N4.047bn in 4,179 deals.
Trading in the top three equities namely Fidelity Bank Plc, United Bank for Africa Plc and
Zenith Bank Plc (measured by volume) accounted for 2.099 billion shares worth N28.215bn in 7,603 deals, contributing 61.87% and 53.94% to the total equity turnover volume and value respectively.
