The Nigerian equity market lost N178bn last week.

The All-Share Index and Market Capitalisation depreciated by 0.04 per cent to close the week at 100,022.03 and N56.581tn, respectively.

The price appreciation of 37 stocks during the week was less than that of 48 stocks the week before.

Also, 72 stocks stayed the same as they did the week before, while 45 stocks had a price decline compared to 34 stocks in the previous week.

Last week, investors traded a total of 2.259 billion shares worth N31.166bn in 42,851 deals against the 2.651 billion shares worth N49.976bn in 41,610 deals transacted a week before.

With 1.801 billion shares worth N22.030bn exchanged in 23,112 deals, the financial services industry led the activity chart as evaluated by volume.

This industry contributed 70.69 per cent and 79.75 per cent of the total stock turnover value and volume, respectively.

In 3,124 transactions, the oil and gas industry came in second with 121.001 million shares valued at N1.771bn

The conglomerate sector came third with 2,277 deals totaling 90.713 million shares valued at N1.081bn.

Also, 909.821 million shares worth N12.057bn were traded in 4,798 deals involving the top three equities, Fidelity Bank Plc, Universal Insurance Plc, and Guaranty Trust Holding Company Plc (measured by volume).

These deals accounted for 40.28 per cent and 38.69 per cent of the total equity turnover volume and value, respectively.

Trading in the top three equities including, Fidelity Bank Plc, Universal Insurance Plc, and Guaranty Trust Holding Company Plc (measured by volume), accounted for 909.821 million shares worth N12.057bn in 4,798 deals, contributing 40.28 per cent and 38.69 per cent to the total equity turnover volume and value, respectively.

All other indices finished higher with the exception of NGX 30, NGX Premium, NGX meristem Value, NGX Consumer Goods, NGX Lotus II, and NGX Pension Broad, which depreciated by 0.27 per cent, 0.52 per cent, 0.01 per cent, 0.69 per cent, 0.56 per cent, and 0.07 per cent, respectively, while the NGX Alternative Securities Market and NGX Sovereign Bond indices closed flat.

Last week, Punch Online reported that investors in Nigeria’s equity market gained N475bn, buoyed by Computer Warehouse Group, FTN Cocoa Processors, and United Capital Plc.