Transactions on the fl oor of Nigerian Stock Exchange last week closed in negative trend as investors sustaied profi t taking. Specifi cally, Market Capitalization depreciated of listed equities sheds N1.04 billion to N12.126 trillion from N13.166 trillion traded the previous week.
Th e NSE All Share Index declined by 1278.04 basis point to 36920.56 from 38198.60 traded the previous day Similarly all other indices fi nished lower during the week with the exemption of NSE ASeM Index that closed fl at. NSE Premium index dropped by 118.67 to 2448.96, the NSE Main Board index depreciated by 45.57 to 1664.96, NSE 30 Index fell by 51.22 to 1693.29, NSE Banking index went down by 2.04 to 448.95 points, NSE Insurance index decreased by 1.40 to 137.52 point, NSE Consumer Goods index dropped by 26.98 to 952.24 , NSE Oil and Gas index sheds 7.31 to 309.54 points, NSE Lotus II depreciated by 73.30 to 2,329.41 , NSE Industrial Goods index 139.30 to 2,176.06 , NSE Pension dropped by 31.20 to 1,262.82 points Th e result showed that a turnover of 1.394 billion shares worth N25.037 billion traded in 23133 deals in contrast to 1.518 billion shares valued at N28.868 billion that exchanged hand last week in 23053 deals. Th e Financial Services Industry led activities chart in volume terms accounting for 1.185 billion shares valued at N15.073 billion in 13728. deals, representing 84.99 per cent and 60.20 per cent to the total equity, turnover volume and value respectively. Th e Consumer Goods Industry followed with 90.576 million shares worth N7.384 billion in 4687 deals. Th e third place was occupied by conglomerates Industry with a turnover of 40.906 million shares worth N87.613 million in 796 deals. Trading in the top three equitiesAccess Bank Zenith International Bank and Guaranty Trust Bank Plc volume terms accounted for 655.596 million shares worth N12.182 billion in 4881 deals, contributing 17.02 per cent and 48.65 per cent to the total A review of the investment during the week showed that 19 equities appreciated in price against 32 reported in the preceding week. Th e NSE weekly report showed that 51 companies depreciated in price compared to 37 equities of the preceding week while 101 equities remained unchanged lower than 102 equities recorded in the preceding week. An analysis of the investment showed that Fidson healthcare Plc led gainers table for the week, gaining 9.30 per cent or N0.29 kobo to close at N3.28 kobo, Continental Reinsurance followed with a gain of 6.56 per cent or 0.08 kobo to close at N1.30 kobo, University Press increased by 6.34 per cent or N0.17 kobo to close at N2.85 kobo. Other companies appreciated in price during the week were Berger paint Plc 5.00 per cent, Glaxo Smith Kline Consumer Nigeria Plc 5.00 per cent, Golden Guinea Breweries Plc 4.71 per cent. Prestige Assurance Company Plc 4.00 per cent, Conoil Plc 3.99 per cent, Union Bank of Nigeria Plc 3.99 per cent, Zenith International Bank Plc 3.28 per cent. Cement Company of Northern Nigeria Plc recorded the highest loss, dropping by 13.91 per cent or N1.49 kobo to close at N9.22 kobo, N.E.M Insurance Co Nigeria Pic trailed with a loss of 12.73 per cent or N0.14 kobo to close at N0.96 kobo, Jaiz Bank declined by 9.52 per cent or N0.08 kobo to close at N0.76 kobo. Other fi rms recorded price depreciation were Total Nigeria Plc 8.39 per cent, Morison Industrit 8.16 per cent, Nigeria Aviation Handling Company Plc 8.15 per cent, Cutie Plc 7.49 per cent, UACN Property Development Company Ltd 7.41 per cent, Forte Oil Plc 7.41 per cent, Guinness Nigeria Plc 7.10 per cent.
