On the first trading week of the year 2019, investors traded a total turnover of 1.647billion shares worth N8.413 billion in 14,773 deals on the floor of the Exchange in contrast to a total of 3.129 billion shares valued at N14.348 billion that exchanged hands last week in 10,394 deals.
In the course of the week, The Nigerian Stock Exchange, NSE All-Share Index depreciated by 1.28% while Market Capitalization appreciated by 0.78% to close the week at 30,638.90 and N11.426trillion respectively.
All other indices finished lower with the exception of the NSE Oil and Gas Index that rose by 2.91%.
The Financial Services Industry, measured by volume, led the activity chart with 1.154billion shares valued at N5.742 billion traded in 9,174 deals; thus contributing 70.08%and 68.25%to the total equity turnover volume and value respectively. The Healthcare Industry followed with 271.277 million shares worth N82.647 million in 219 deals.The third place was Services Industry with a turnover of 91.734 million shares worth N 208.562 million in 232 deals.
Trading in the Top Three Equities namely, Diamond Bank Plc, Union Diagnostic & Clinical Services Plc and NEM Insurance Plc, measured by volume, accounted for 816.016 million shares worth N1.305 billion in 1,615 deals, contributing 49.54% and 15.51% to the total equity turnover volume and value respectively.
Twenty-two (22) equities appreciated in price during the week, lower than fifty-two (52) in the previous week. Forty-five (45) equities depreciated in price, higher than eighteen (18) of the previous week, while ninety-seven (97) equities remained unchanged higher than ninety-four (94) equities recorded in the preceding week.