Of the five trading sessions during the just-concluded week, the equities market gained in only two, losing N440 billion.
The market capitalization dropped to N65,707 trillion from the N66.147 trillion recorded during the previous week just as the All-Share Index (ASI) depreciated by 0.90% to close the week at 104,563.34 points from the 105,511.89 points.
Monday trading session opened on a bearish note with investors losing N658 billion, but the market closed with a profit of N100.45 billion on Tuesday.
On Wednesday, the equities market recorded N119.22 billion loss, but bounced back on Thursday as investors gained N381.90 billion at the end of the trading session.
The market closed the week on Friday with a loss of N145.41 billion.
During the week, a total turnover of 2.094 billion shares worth N52.967 billion in 64,612 deals was traded by investors on the floor of the Exchange, in contrast to a total of 1.183 billion shares valued at N28.868 billion that exchanged hands last week in 42,397 deals.
The Financial Services (measured by volume) led the activity chart with 1.539 billion shares valued at N36.353 billion traded in 36,013 deals; thus contributing 73.49% and 68.63% to the total equity turnover volume and value respectively. The Agriculture industry followed with 98.884 million shares worth N 1.344 billion in 2,772 deals. Third place was the Services
Industry, with a turnover of 93.000 million shares worth N522.147 million in 3,012 deals.
Trading in the top three equities namely Access Holdings Plc, Guaranty Trust Holding
Company Plc and Zenith Bank Plc (measured by volume) accounted for 629.327 million shares worth N25.820 billion in 12,742 deals, contributing 30.06% and 48.75% to the total equity turnover volume and value respectively.
