The Over The Counter (OTC) bond, last week, recorded a decline, as a turnover of 147.44 million units, valued at N144.7 billion was exchanged in 1,339 deals, down from 191 million units, worth N189.6 billion recorded in 1,650 deals the preceding week.

Specifically, the most active bond, in volume terms was the 5th FGN Bond 2018 series 2, which according to the report, traded 21.82 million units, valued at N20.33 billion in 153 deals.

Similarly, heavy transaction in the banking sub-sector, last week lifted the volume of shares traded, as investors exchanged 6.4 billion shares, valued at N47.94 billion, in 60,803 deals.

The amount exchanged was higher, compared to the preceding week's volume of 3.23 billion units, valued at N43.71 billion, done in 72,486 deals.

Privately, the banking sub-sector dominated in volume terms last week with 4.5 billion shares, valued at N37.4 billion in 30,244 deals, while the insurance sub sector followed with a turnover of 1.42 billion units worth N1.7 billion in 8,088 deals.

According to the Nigerian Stock Exchange (NSE), the banking sub sector was buoyed by activity in the shares of Spring Bank Plc, as trading in the shares of the bank accounts for 3.45 billion shares, which represents 77.2 per cent of the sub-sectors turnover.

The Insurance sub-sector was boosted by activity in the shares of Investors and Allied Insurance Plc.

Meanwhile corporate performance indices, the all share index of NSE dropped by 2263.9 points or 4.7 per cent, from 49.781.84 recorded when the market began on Monday to 47,517.87 on Friday, while market capitalisation fell by N500 billion or 5.2 per cent, from N10.1 trillion to N9.6 trillion.

On the price movement chart, twenty-six stocks recorded share price appreciation, up from 17 in the preceding week.

Chevron Oil Nigeria Plc led others on the gainers chart, adding 6,200 kobo, to close at N286.44 per share, while Mobil Oil Nigeria Plc followed, adding 5,100 kobo, to close at N315.00 per share.

Julius Berger Nigeria Plc, BOC Gases Plc, Okomuoil Palm Plc, Guinness Nigeria Plc, Berger Paints Plc, Longman Nigerian Plc, Neimeth International Plc and 7-UP Bottling Plc also added 927 kobo, 636 kobo, 486 kobo, 452 kobo, 275 kobo, 260 kobo 143 kobo and 60 kobo.

However, eighty stocks depreciated last week, down from 88 in the preceding week, with Total Nigeria Plc leading the losers' table with 3,429 kobo, to close at N206.21 per share, while Oando Plc followed dropping 2,030 kobo, to close at N149.15 per share.

Other losers of the day include-UACN Plc, Chemical and Allied Product Plc, Intercontinental Bank Plc, Academy Press Plc, Ashaka Cement Plc, First Bank of Nigeria Plc, Dangote Flourmills Plc and Lafarge West African Portland Company Plc, dropping 686 kobo, 488 kobo, 472 kobo, 400 kobo, 399 kobo 323 kobo, 300 kobo and 290 kobo.