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The main index of the Nigerian Stock Exchange – the All Share Index – depreciated for the third consecutive week on Friday, November 4, 2016, dropping 1.15 per cent at the end of the trading week, according to the NSE’s weekly market report.

The index fell to 26,981.60 points on Friday compared with 27,294.21 points recorded a week earlier. On a year-to-date basis, the index has now depreciated by 5.8 per cent. Market capitalization fell by 0.93 points to close at N9.288 trillion compared with N9.375 trillion posted in the previous week.

On the gainer’s chart, the most appreciated stocks last week were: Lean Africa, which rose 23.44 per cent to close at 79 kobo; Airline Services and Logistics, which appreciated by 15.45 per cent to N2.54; Okomu Oil Palm Company’s stock rose 14.63 per cent to close at N47; MRS Oil Nigeria rose 13.78 per cent to N45.51; and Dangote Flour Mills, which closed at N3.92, having appreciated by rose 11.68 per cent.

On the loser’s chart, the most depreciated stocks last week were: Oando, which fell 16.73 per cent to close at N4.33; University Press, which declined by 15.07 per cent to N3.89; UACN Property Development Company’s stock fell 0.45 per cent to close at N2.80; Ashaka Cement depreciated by 9.71 per cent to close at N11.07; and Meyer Plc fell 8.79 per cent to 83 kobo.

The Financial Services Industry led the activity chart with 654.180 million shares valued at N2.837 billion and traded in 9,835 deals. The sector contributed 74.86 per cent and 35.36 per cent to the total equity turnover volume and value, respectively. The Consumer Goods Industry followed with 74.722 million shares, which were valued at N4.141 billion and traded in 2,367 deals. In third place was the Conglomerates Industry with a turnover of 61.617 million shares worth N93.366 million and traded in 666 deals.

The top three most traded equities – Sterling Bank, FCMB Group, and Transnational Corporation of Nigeria – accounted for 250.205 million shares valued at N237.138 million and traded in 3,654 deals. The equities contributed 28.63 per cent and 2.96 per cent to the total equity turnover volume and value, respectively.