Equities close week negative, as the ASI sheds 0.80%

As equity market continues in its poor run, the Nigerian Stock Exchange (NSE) All-Share Index and market capitalization depreciated by 0.80 per cent to close the week at 25,333.39 points and N8.721 trillion respectively.
Similarly at the end of the week, all other Indices finished lower during the week with the exception of the NSE Banking and NSE Consumer Goods Indices that appreciated by 0.02 per cent and 0.42 per cent respectively while the NSE Alternative Securities Market Index closed flat.
Forte Oil Plc, Total Nigeria Plc and Okomu Oil Plc contributed N41.660 billion to N70 billion loss by the entire equities listed on the bourse during the week.
However, a turnover of 639.439 million shares worth N6.455 billion in 11,799 deals were traded this week by investors on the floor of the exchange in contrast to a total of 823.547 million shares valued at N5.444 billion that exchanged hands last week in 11,634 deals.
The Financial Services Industry (measured by volume) led the activity chart with 491.758 million shares valued at N2.211 billion traded in 6,241 deals; thus contributing 76.90 per cent and 34.25 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 64.507 million shares worth N58.500 million in 681 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 54.901 million shares worth N3.307 billion in 2,386 deals.
Trading in the top three equities namely; Access Bank Plc, Diamond Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 210.407 million shares worth N527.918 million in 1,316 deals, contributing 32.91 per cent and 8.18 per cent to the total equity turnover volume and value respectively.
Meanwhile, 27 equities appreciated in price during the week, higher than ten equities of the previous week. Twenty-six equities depreciated in price, lower than 48 equities of the previous week, while 128 equities remained unchanged higher than 123 equities recorded in the preceding week.
Flour Mills of Nigeria Plc top the gainers table with 20.31 per cent to close at N19.49 kobo. It was followed by African Prudential Registrars Plc with 14.51 per cent to close at N2.92 kobo and Fidson Healthcare Plc with a gain of 12.90 per cent to close at N1.40 kobo. While Unity Bank Plc and Champion Breweries Plc gained 9.26 per cent and 8.41 per cent respectively to close at N0.59 kobo and N2.45 kobo separately.
On the other hand, Forte Oil Plc led the losers chart with 24.04 per cent to close at N62.80 kobo per share, followed by Okomu Oil Plc with 13.81 per cent to close at N36.20 kobo, Neimeth International Pharmaceutical Plc dropped 12.79 per cent to close at N0.70 kobo per share and Airline Services & Logistics Plc, UACN Plc and Total Nigeria Plc losses 11.88 per cent, 11.79 per cent and 10.93 per cent respectively to close the week at N2.67 kobo, N2.47 kobo and N245.85 kobo in that order.