Trading activities on the floor of Nigerian Stock Exchange (NSE) last week closed in negative trend, dropping by N10 billion. The market capitalisation depreciated by 0.07 per cent to N14.931 trillion from N14.940 trillion reported the previous week. The Nigerian Stock Exchange All Share Index declined by 26.17 to 41218.72 from 41244.89 points traded two weeks ago.
Similarly, all other indices finished lower with the exception of NSE Premium, NSE Banking, NSE Industrial goods, and NSE Pension indices that appreciated by 0.12 per cent, 1.56 per cent, 1.06 per cent and 0.21 per cent respectively, while the NSE ASeM closed flat. NSE Corporate Governance index fell by 0 85 to 1668.70 point, The NSE Main Board depreciated by 4.15 to 1835.05, NSE 30 index sheds 1.62 to 1873.70 , NSE insurance index down by 1.40 to N144.36, NSE Consumer Goods index went down by 19.15 to 993.55, NSE Oil and Gas index 5.18 to 359.10 while NSE Lotus II dropped by 13.87 to 2682 65 points .
The equity trading for the week lasted for four working day as federal government declared public holiday in Tuesday to mark workers day celebration. The NSE weekly report showed that investors traded a turnover of 1.331billion shares worth N20.835 billion in 18,695 deals were in contrast to a total of 1.825 billion shares valued at N24.653 billion that exchanged hands last week in 23,148 deals.
The Financial Services Industry led the activity chart volume term accounting for 1.042 billion shares valued at N11.275 billion traded in 9,665 deals, contributing 78.32 per cent and 54.11 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 84.124 million shares worth N4.322 billion in 3,691 deals. The third position went to Oil and Gas Industry with a turnover of 51.918 million shares worth N596.463 million in 2,307 deals. Trading in the top three equities namely- United Bank for Africa Plc, Mutual Benefits Assurance Plc and Access Bank Plc accounted for 457.930 million shares worth N3.784billion in 1,469 deals, representing 34.41 per cent and 18.16 per cent to the total equity turnover volume and value respectively. A review of the transactions showed that 37 equities appreciated in price during the week, against 33 in the previous week.
The report however indicated 32 listed companies depreciated, lower than 41 equities in the previous week, while 100 equities remained unchanged, higher than ninety-five (95) equities recorded in the preceding week. An analysis of the investment indicated that C&I Leasing Plc led gainers table, growing by 29.50 per cent or N0.41 kobo to close at N1.80 kobo, Unity Bank Plc followed with a gain of 20.00 per cent or N0.20 kobo to close at N1.20 kobo, Veritas Kapital Assurance Plc gained 17.86 per cent or N0.05 kobo to close at N0.33 kobo. Other companies appreciated in price were Cement Company of Northern Nigeria 14.62 per cent, Betaglass Plc 10.20 per cent, Livestock Feeds Plc 9.07 per cent MPF Microfi nance Bank Plc 8.57 per cent, Mutual Benefit Assurance Plc 8.33 per cent, Union Bank Nigeria Plc 7.20 per cent and Vitafoam Plc 6.45 per cent. On the contrary, Dangote Flour Mills Plc recorded the highest loss for the day, shedding 18.57 per cent or N2.60 kobo to close at N11.40 kobo, Eterna Plc trailed with a loss of 13.03 per cent or N0.86 kobo to close at N5.74 kobo, Prestige Assurance Company Plc down by 11.76 per cent or N0.06 kobo to close at N0.45 kobo. Other firms depreciated in price were Dangote Sugar Refinery Plc 11.21 per cent, Regency Alliance Insurance company 10.00, Oando Plc 8.74 per cent, Chams Plc 8.70 per cent, Happily Oil &Maritime Services Plc 8.00 per cent Wapic Insurance Plc 7.02 per cent, Niger Insurance Company Plc 6.67 per cent.
Also traded during the week were a total of 709,058 units of Exchange Traded Products (ETPs) valued at N3.845 million executed in 10 deals, compared with a total of 56,260 units valued at N376,387.48 that was transacted last week in 6 deals. A total of 80,152 units of Federal Government and State Bonds valued at N82.543 million were traded this week in 14 deals, compared with a total of 725 units valued at N660,984.55 transacted last week in 10 deals.
