The most active bond (measured by turnover volume) was the 5th Federal Government of Nigeria (FGN) Bond 2028 Series 5 with a traded volume of 64.94 million units valued at N111.9billion in 1,214 deals. This was followed by the 4th FGN Bond 2012 Series 2 with a traded volume of 48.8 million units valued at N54.6billion in 918 deals.

Twenty - Two of the available thirty - seven FGN Bonds, according to information made available by the Nigerian Stock Exchange (NSE) were traded during the week, compared to nineteen in the preceding week.

The Banking sub sector was the most active during the week (measured by turnover volume), with 1.62 billion shares worth N10.33 billion exchanged by investors in 17,702 deals.

Volume in the Banking sub sector was driven by activity in the shares of Oceanic Bank International Plc, Access Bank Plc, United Bank for Africa (UBA) Plc and First Bank of Nigeria Plc. Trading in the shares of the four banks accounted for 914.3 million shares, representing 56.6 per cent of the sub sector's turnover.

Also within the week, the Insurance sub sector, boosted by activity in the shares of Goldlink Insurance Plc and AIICO Insurance Plc, followed on last week's activity chart with a turnover of 426.9 million shares valued at N296.53 million in 2,115 deals.

On the price movement chart, the NSE All-Share Index dropped by 1.32 per cent to close on Friday at 21,517.29. NSE attributed the development to the decline in the prices of the highly capitalized stocks.

In the same vein, the market capitalization of the 198 First -Tier equities closed lower at N5.1 trillion. Also, The NSE-30 Index also dropped by 0.44 per cent to close at 833.69.

One of the four sectoral indices, the NSE Food/Beverages Index appreciated by 1.94 per cent to close at 494.41.

However, the NSE Banking Index and the NSE Insurance Index dropped by 2.8 per cent to close at 346.28 and 2.41 per cent to close at 290.12 respectively.

The NSE Oil/Gas Index also dropped by 1.1per cent to close at 299.94.

Within the week under review, thirty-three stocks appreciated in price lower than the forty-one in preceding week.

Nestle Nigeria Plc led on the gainers' table with a gain of N21.93 to close at N235.93 per share while Unilever Nigeria Plc followed with N4.15 to close at N19.22 per share.

Meanwhile, Fifty-Nine stocks depreciated in price during the week, higher than the fifty-five in the preceding week.

Lafarge Cement WAPCO Nigeria Plc led on the price losers' table, dropping by N2.00 to close at N29.00 per share while Flour Mills of Nigeria Plc followed with a loss of N1.95 to close at N33.87 per share.

The supplementary listing of the 179,000 units were added to the Crusader (Nig) Plc Unsecured Convertible Debenture Stock 2013 on Friday, November 6, 2009.

According to the NSE this increased the subscription level of the Debenture Stock from 80.58 per cent to 85.06 per cent.

The Guardian Newspapers, Monday November 9, 2009.