NSE: Equity market closes on negative note, sheds N42bn

Trading activities on the floor of Nigerian Stock Exchange last week close in negative note shedding N42 billion. Specifically, market capitalisation of listed equities declined by 0.28 per cent to N14.743 trillion from N14.784 trillion reported in the preceding week.
Also, the NSE All Share Index declined by 113.81 basis points to 40814.89 from 40928.70 recorded the previous week. The NSE weekly result showed that all other indices finished lower with the exception of NSE CG, NSE Premium, NSE-Main Board, NSE 30, NSE Banking, NSE Oil/Gas, and NSE Pension indices, which appreciated by 1.08 per cent, 1.38 per cent, 0.54 per cent, 0.13 per cent , 2.34 per cent , 0.73 per cent and 1.42 per cent respectively. NSE ASeM index down by 12.23 to 966.49, NSE Insurance index fell by 1.75 to 148.08, NSE Consumer goods index dropped by 8.29 to 952.67 , NSE Lotus II went down by 40.92 to 2644.73 and NSE industrial goods index sheds 0.95 to 2172.59 points
The result also revealed that investors traded a turnover of 3.008 billion shares worth N30.296 billion in 24,036 deals in contrast to a total of 1.415 billion shares valued at N19.644 billion exchanged hands last week in 20,659 deals. The Financial Services Industry led the activity chart with 2.539 billion shares valued at N23.510 billion traded in 13,179 deals; thus contributing 84.43 per cent and 77.60 per cent to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 273.443 million shares worth N2.358 billion in 3,735 deals. The third place was occupied by Consumer Goods Industry with a turnover of 60.840 million shares worth N2.654 billion in 3,141 deals. Trading in the top three Equities namely – FCMB Group Plc, United Bank for Africa Plc, and Oando Plc accounted for 1.816 billion shares worth N9.599 billion in 3,851 deals, contributing 60.37 per cent and 31.69 per cent to the total equity turnover volume and value respectively. An analysis of the investment indicated that 36 equities appreciated in price during the week, against 37 in the previous week. The result showed that 33 firms depreciated in price, compared with 38 companies recorded in the previous week, while 100 equities remained unchanged higher than 94 equities recorded in the preceding week. Oando Plc led gainers table for the week, growing by 39.13 per cent or N2.70 kobo to close at N9.60 kobo. Jaiz Bank followed with a gain of 21.13 per cent or N0.15 kobo to close at N0.86 kobo while Skye Bank Plc appreciated by 18.75 per cent or N0.15 kobo to close at N0.95 kobo. Other companies appreciated in price were Julius Berger Nigeria Plc 14.89 per cent, Unity Bank Plc 14.41 per cent, Northern Nigeria Flour Mills Plc 9.60 per cent, NEM Insurance Company Nigeria Plc 9.17, Regency Alliance Insurance Company Plc added 7.14 per cent, Eterna oil increased by 6.02 per cent Ecobank Transnational Incorporated gained 5 98 per cent. Conversely, AG Leventis Nigeria Plc topped losers chart, declining by 14.06 per cent or N0.09 kobo to close at N0.55 kobo, II Plc trailed with a loss of 14.00 or N28.00 to to N172.00, Mutual Benefits Assurance down by 12.12 per cent or N0.40 kobo to close at N29.00. Other companies depreciated in price were Niger Insurance Company Plc which recorded 8.82 percent. Presco Plc 8.33 per cent UAC of Nigeria property Development Company 7.86 , Livestock Feeds Plc 7.55, Continental Reinsurance plc 7.41 per cent, Nascon Allied Industries Plc 7 81 per cent Also traded during the week were a total of 177,144 units of Exchange Traded Products (ETPs) valued at N2.809 million executed in 6 deals, compared with a total of 616,587 units valued at N9.185 million that was transacted last week in 21 deals. A total of 13,735 units of Federal Government Bonds valued at N14.128 million were traded this week in 16 deals, compared with a total of 2,500 units valued at N2.367 million transacted last week in 10 deals.

 

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