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The main index of the Nigerian Stock Exchange – the All Share Index – depreciated by 0.28 per cent during the trading week ended on May 19th, according to the NSE’s weekly market report.

The index fell to 28,113.38 points last week, compared to 28,192.46 points recorded in the previous week. On a year-to-date basis, the value of the index has increased by 4.61 per cent. Market capitalization fell by 0.27 per cent to close at N9.719 trillion compared to N9.746 trillion a week earlier.

A summary of stock price changes shows that 30 equities appreciated last week as against 57 equities in the previous week; 31 depreciated in price compared to thirteen equities in the penultimate week; and 112 equities remained unchanged last week, higher than the 103 equities recorded in the preceding week.

The top five gainers last week were: May & Baker Nigeria, which rose 14.84 per cent to close at N1.47; Linkage Assurance, which appreciated by 11.54 per cent to 58 kobo; United Bank for Africa rose 9.62 per cent to close at N7.29; Oando rose 7.77 per cent to N9.29; and Neimeth Pharmaceuticals closed at 57 kobo, having appreciated by 7.55 per cent.

The top five losers were: Newrest ASL Nigeria, which fell 13.22 per cent to close at N4.07; C & I Leasing fell 11.84 per cent to 67 kobo; Diamond Bank declined by 11 per cent to close at 89 kobo; Eterna Oil & Gas fell 8.74 per cent to N3.55; and Cement Company of Northern Nigeria depreciated by 8.18 per cent to close at N4.60.

A total turnover of 2.271 billion shares worth N32.647 billion were traded in 20,710 deals, compared to a total of 3.255 billion shares, which exchanged hands in 25,370 deals in the preceding week, and valued at N28.738 billion.

The Financial Services Industry led the activity chart with 1.843 billion shares, which traded in 12,119 deals, and valued at N17.715 billion. The sector contributed 81.19 per cent and 54.26 per cent to the total equity turnover volume and value, respectively.

The Oil and Gas Industry followed with 119.755 million shares worth N5.198 billion and traded in 2,599 deals. The third place was occupied by Conglomerates Industry with a turnover of 119.281 million shares trading in 1,109 deals at a value of N273.785 million.

The top three most traded equities – Access Bank, Zenith Bank, and FBN Holdings – accounted for 998.849 million shares worth N10.412 billion and traded in 4,831 deals. The equities contributed 43.98 per cent and 31.89 per cent to the total equity turnover volume and value, respectively.