In trading week ended Friday June 9, stock investors in Nigeria’s equities market exchanged 2.196 billion shares worth N45.971 billion in 31,655 deals in contrast to 2.586 billion shares valued at N46.643 billion that exchanged hands in the preceding week in 35,122 deals.

Trading in the top three equities namely United Bank for Africa Plc, FCMB Group Plc and NPF Microfinance Bank Plc (measured by volume) accounted for 696.244 million shares worth N4.019 billion in 2,398 deals, contributing 31.70percent and 8.74percent to the total equity turnover volume and value respectively.

The Financial Services Industry (measured by volume) led the activity chart with 1.578 billion shares valued at N15.652 billion traded in 14,851 deals; thus contributing 71.82percent and 34.05percent to the total equity turnover volume and value respectively.

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The Oil and Gas Industry followed with 157.221 million shares worth N1.304 billion in 3,549 deals, and the Consumer Goods Industry, with a turnover of 101.562 million shares worth N1.939 billion in 3,944 deals.

In the review trading week, 52 equities appreciated in price lower than 66 equities in the preceding week. Meanwhile, 27 equities depreciated in price higher than 23 in the preceding week, while 77 equities remained unchanged, higher than 67 recorded in the preceding week.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation appreciated by 0.20percent in the review trading week to 55,930.97 points and N30.455 trillion respectively.

All other indices finished higher with the exception of NGX Premium, NGX AFR Div. Yield, NGX Lotus II, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond which depreciated by 0.75percent, 0.06percent, 0.08percent, 1.31percent, 0.51percent, and 1.50percent respectively while the NGX ASeM index closed flat.

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Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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