Stories by Amaka Ifeakandu
Lagos
Transactions on the floor of Nigerian Stock Exchange (NSE) closed week in downward trend, shedding N20 billion. Specifically, the market capitalisation of listed equities fell by 2.09 per cent to N9.419 trillion from N9.619 trillion recorded the previous week. The Nigerian Stock Exchange (NSE) fell by 554.07 basis points to close at 27425.86 points from 28009.92 traded the preding week. Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index which closed flat at 1,213.68 points.
NSE Premium Index down by 15.06 to 1,759.08, the NSE Main Board index went down by 35.81 bbasis points to1,214.07 points, NSE 30 index declined by 33.82 to 1,211.99, NSE Bankin Index 13.13 to 277.78 points NSE Insurance shed 2.40 to 130.28 points, NSE Consumer goods Index 19.57 to 700.41 points, NSE Oil & Gas depreciated by 5.54 to 293.43, NSE Lotus II dropped by 21.23 to 1,821.44 , NSE Industrial Goods Index dipped by 62.94 to 1,790.97 while NSE Pension index decreased by 18.13 to 816.42 points. Investors for the week traded a turnover of 1.185 billion shares worth N13.033 billion in 18,548 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.867 billion shares valued at N16.330 billion that exchanged hands last week in 21,584 deals.
The Financial Services Industry led the activity chart with 882.909 million shares valued at N6.532 billion traded in 10,186 deals, contributing
74.49 per cent and 50.12 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 89.432 million shares worth N159.459 million in 890 deals. The third position went to the Consumer Goods Industry with a turnover of 75.383 million shares worth N2.120 billion in 3,635 deals. Trading in the Top three equities namely – United Bank for Africa Plc, Guaranty Trust Bank Plc and Fidelity Bank Plc accounted for 394.778 million shares worth N3.857 billion in 2,866 deals, indicating 33.31 per cent and 29.59 per cent to the total equity turnover volume and value respectively
