All share index at the equity market dipped by 0.69% to close at 38,382.39 points on Friday.
Over the week, 33 stocks appreciated in value, two stocks lower than the number recorded in the prior week.
While a total of 25 stocks depreciated in value, lower than the 38 recorded in the previous week, the remaining 104 stocks remained unchanged in the course of the week.
The NSE All-Share Index depreciated by 0.69%, closing the week at 38,382.39 points. The total market capitalisation also depreciated from N20.221 trillion in the prior week to N20.082 trillion on Friday, thus resulting in a loss of N13.9 billion in the week.
The Financial Services industry topped as the most actively traded sector during the week with 1.89 billion shares valued at N12.45 billion in 12,019 deals.
Trading activities in just the financial services industry accounted for 80.6% of the total equity volume traded during the week.
The high trading activity in the financial services industry can be traced to the high trading of Unity Bank Plc and Guaranty Trust Bank Plc which were the top 2 most traded stocks during the week.
The natural resources industry followed on the activity chart with 201.26 million shares worth N41.30 million traded in 27 deals.
Total volume traded in the industry accounted for 8% of the total volume traded on the NSE during the week. This high trading can also be traced to the large trading of Multiverse Mining and Exploration Plc during the week.
Following the dividend announcement by Africa Prudential Plc and Dangote Sugar Refinery Plc on March 1 and 2 respectively, the stocks marked their share price down during the week.
A total of 435,459 units valued at N2.35 billion were traded through 29 deals in the week. This is 100% and 63,458% higher than the total volume and value traded in the prior week.
