NSE: Equity market sheds N73bn in 5 days

By Amaka Ifeakandu

Trading activities on the floor of the Nigerian Stock Exchange last week close in negative trend, declining by N73 billion.
Specifically, Market Capitalization depreciated by 0.57 per cent to close the week at N12.774 trillion from N12.847 trillion recorded the previous week. The Nigerian Stock Exchange All Share Index declined by 416.70 basis points or 1.12 per cent o 36703.58 point from 37120.28 recorded the previous week.
Similarly, all other indices finished lower during the week with the exception of the NSE Oil/Gas Index that appreciated by 0.85 per cent.
NSE Premium Index down by 11.50 to 2,505.16, NSE Main Board Index dropped by 25.46 to 1,627.51 points, NSE ASeM Index 3.71 to 1,158.74, NSE 30 Index 23.23 to 1,669.17, NSE Banking index sheds 6.04 to 462.05 points, NSE Insurance index depreciated by 2.76 basis points to 136.92 , Consumer Goods Index fell by 26.52 to 889.71 points NSE Lotus II went down by 29.14 to 2,309.69, Industrial Good index declined by 21.45 basis points to 2,052.54 . NSE Pension reduced by 25.95 to 1284.13 points.
Investors during the week traded a turnover of 2.804 billion shares worth N54.776 billion in 17,792 deals in contrast to a total of 1.316 billion shares valued at N13.784 billion that exchanged hands the previous week in 19,169 deals.
The Financial Services Industry led the activity chart with 2.352 billion shares valued at N8.995 billion traded in 9,364 deals; thus contributing 83.88 per cent and 16.42 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 178.982 million shares worth N16.849 billion in 4,297 deals. The third place was occupied by Industrial Goods Industry with a turnover of 140.570 million shares worth N27.848 billion in 794 deals.
Trading in the top three equities namely – Sovereign Trust Insurance Plc, FBN Holdings Plc and Dangote Cement Plc in volume terms accounting for 1.917 billion shares worth N29.875 billion in 2,130 deals, contributing 68.37 per cent and 54.54 per cent to the total equity turnover volume and value respectively.
An analysis of the investment during the week showed that 20 equities appreciated in price against 30 firms recorded in the previous week. The result indicated that 43 companies depreciated in price, against 29 equities of the previous week, while 108 equities remained unchanged against 112 equities recorded in the preceding week.
A. G Leventis Nigeria Plc led gainers table, gaining
27.27 per cent or N0.15 kobo to close at N0.70 kobo, Forte Oil Plc followed with a gain of 10.25 per cent or N4.52 kobo to close at N48.62 kobo, B. O. C Gases Plc gained 9.88 per cent or N0.41 kobo to close at N4.56 kobo, other companies appreciated in price were Red Star Express Plc 5.00 per cent, Pharma Deko Plc 4.89 per cent, Medview Airlines Plc 4.40 per cent, Fidson Healthcare Plc 3.99 per cent, AIICO Insurance Plc 3.77 per cent, International Breweries Plc 3.60 per cent, II Plc 3.03 per cent.
Caverton Offshore Support GRP Plc on the other hand topped losers chart, shedding 21.43 per cent or N0.36 kobo to close at N1.32 kobo, Linkage Insurance Plc trailed with a loss of 17.65 per cent or N0.12 kobo to close at N0.56 kobo, C&I Leasing down by 13.77 per cent or N0.33 kobo to N1.44 kobo.
Other firms that depreciated in price are University Press 10.92 per cent, Eterna Plc 10.48 per cent, UACN Plc 9.95 per cent, Cadbury Nigeria Plc 8 83 per cent, Honey Well Flour Mills Plc 8.49 per cent Vitafoam Old 8.47 per cent and Learn Africa Plc 7.41 per cent.
There were no trades recorded in Exchange Traded Products (ETPs) this week compared with a total of 1,210 units valued at N13,467.70 transacted last week in 2 deals.
A total of 5,950 units of Federal Government Bonds valued at N6.247 million were traded this week in 2 deals, compared with a total of 2,806 units valued at N2.623 million transacted last week in 16 deals.

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