Investment in the nation’s capital market last week closed lower shedding N103 billion. The market capitalisation of listed equities declined by 1.10 per cent to N9.375 trillion from N9.478 trillion recorded the previous week. The NSE All Share Index down by 302.61 basis points to 27294.21 points from 27596.82 points traded the previous week.
However, all other Indices finished higher during the week with the exception of the NSE Premium, NSE
30, NSE Banking, NSE Insurance Indices that depreciated by 3.53 per cent, 0.43 per cent, 0.44 per cent, 0.29 per cent. The NSE main board index appreciated by 5.56 to 1,232.10, NSE ASeM Index increased by 4.70 to 1,218.38, NSE Consumer Goods index added 2.13 basis points to 728.96, NSE Oil and Gas index grew by 0.99 to 324.03 , NSE Lotus II rose by 17.07 to 1859.66, NSE Industrial Goods 45.40 to 1.728.51 while NSE Pension Index advanced 1.92 basis points to 819.93 points
Investors for the week traded a turnover of 678.710 million shares worth N6.875 billion in 11,808 deals against a total of 674.721 million shares valued at N7.657 billion that exchanged hands the previous week in 12,290 deals.
The Financial Services Industry led the activity chart with 529.258 million shares valued at N2.774 billion traded in 6,290 deals; thus contributing 77.98 per cent and 40.35 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 58.413 million shares worth N2.704 billion in 2,223 deals. The third place was occupied by the Conglomerates Industry with a turnover of 50.376 million shares worth N95.110 million in 537 deals.
Trading in the top three equities namely- FBN Holdings Plc, Access Bank Plc and FCMB Group Plc accounted for 226.665 million shares worth N757.967 million in 1,879 deals, contributing 33.39 per cent and 11.03 per cent to the total equity turnover volume and value respectively.
A review of investment showed that 21 equities recorded price appreciation during the week, against 16 reported in the previous week. The NSE weekly report revealed that 41 firms depreciated in price within the week compared with 38 of the previous week, while 118 equities remained unchanged lower than 126 equities recorded in the preceding week. Caverton Offshore Support GRP Plc led gainers table for the week, growing by 27.91 per cent or N0.24 kobo to close at N1.10 kobo, Lafarge Africa Plc followed with a gain of 16.25 per cent or N6.99 kobo to close at N50.00, Total Nigeria Plc increased by 13.79 per cent or N39.99 kobo to close at N329.99 kobo. Other companies appreciated in price were E-tranzact International Plc 10.11 per cent, Airline Services and Logistics Plc 10.00, Presco Plc 8.94 per cent, Unilever Nigeria Plc 8.93 per cent,Learn Africa Plc 4.92 per cent, Ecobank Transnational Incorporated 3.65 per cent and Cadbury Nigeria Plc 3.58 per cent.
Fidson Healthcare Plc recorded the highest loss for the week, shedding 16.45 per cent or N0.25 kobo to close at N1.27 kobo. Ashaka Cement Plc trailed with a loss of 9.65 per cent or N1.31 kobo to close at N12.26 kobo while Honey Well Flour Mills fell by 9.23 per cent or N0.12 kobo to close at N1.18 kobo. Other firms that depreciated in price were May & Baker Nigeria Plc 8.89 per cent, Skye Bank Plc 7.81 per cent, National Aviation Handling Company Plc 7.53 per cent, Sterling Bank Plc 7.14 per cent, Dangote Flour Mills Plc 6.40 per cent, Wema Bank Plc 6.15 per cent and Diamond Bank Plc 6.03 per cent.
Also traded during the week were a total of 5.079 million units of Exchange Traded Products (ETPs)
valued at N49.828 million executed in 57 deals, compared with a total of 10,779 units valued at N63,890.18 transacted last week in 22 deals.
