The Nigerian bourse ended the week on a negative note as the All-share index depreciated by 0.57 percent from 38,212.01 as of 2nd July 2021 to 37,994.19 points as of 9th of July, 2021.
The market capitalisation also declined by 0.62 percent, closing the week at N19.796 trillion. This invariably means that investors in the Nigeria’s equities market lost about N123 billion in the course of the trading week.
According to the weekly market report, released by the Nigerian Exchange Group for the week ended 9th July 2021, forty-four equities appreciated during the week, twenty-two equities depreciated while ninety equities maintained the same price through the week.
However, a total turnover of 1.348 billion shares worth N12.140 billion in 21,581 deals were traded by investors on the floor of the Exchange, in contrast to a total of 1.021 billion shares valued at N14.145 billion traded in the previous week in 17,565 deals.
The Financial Services industry topped the activity chart, trading 892.21 million shares worth N7.07 billion in 11,592 deals. The total equity turnover and value of shares traded in the financial services industry during the week represented 66.20 percent and 58.20percent of the total equity turnover and value respectively.
The ICT Industry followed with 110.07 million shares worth N776.4 million in 744 deals. While in third place, was the Conglomerates Industry, with a turnover of 100.01 million shares worth N216.504 million in 788 deals.
Fidelity Bank Plc, FBN Holdings Plc, and Zenith Bank Plc (measured by volume) were the three most traded equities on the stock market this week, trading 310.78 million shares worth N3.82 billion in 3,289 deals, thereby contributing 23.06 percent and 26.08 percent to the total equity turnover volume and value respectively.
The report showed that all other indices finished higher with the exception of NGX All-Share, NGX-Main Board, NGX Consumer Goods, and NGX Lotus II indices which depreciated by 0.57 percent, 2.22 percent, 0.32 percent, and 0.23 percent respectively.