Transactions on the floor of Nigerian Stock Exchange last week closed in a negative note, declining by N138 billion. The NSE trading result showed that market capitalisation of listed equities down by 1.45 per cent to N9.353 trillion from N9.491 trillion in the preceding week. The NSE All Share Index also fell by 401.80 basis points to 27232.62 points from 27634.42 recorded the previous week.
Similarly, all other Indices took downward trend during the week, with the exception of the NSE ASeM
NSE Insurance Index and the NSE Oil/Gas Index that rose by 0.25 per cent, 1.71 per cent and 1.97 per cent respectively.
NSE Premium Index shed 39.41 per cent to 1,630.16 points, The NSE main board index dropped by 11.73 to 1,257.28, NSE 30 index declined by 18.57 to 1,210.68 points. NSE Banking Index went down by 2.69 basis points to 276.29, NSE Consumer goods index fell by 12.16 to 692.29 points, NSE Lotus II down by 14.35 to 1,801.14 points, NSE Industrial Goods Index 29.82 to 1,960.39 and NSE Pension Index decreased by 19.22 basis points to 822.56 points.
Volume of transactions also fell 303.083 million or 24 per cent, as investors bought a turnover of 959.917 million shares worth N7.871 billion in 17,561 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.263 billion shares valued at N11.583 billion that exchanged hands last week in 17,434 deals.
The Financial Services Industry led the activity chart with 782.476 million shares valued at N4.114 billion traded in 10,477 deals, contributing 81.51 per cent and 52.27 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 59.433 million shares worth N99.619 million in 762 deals.
The third position was occupied by the Consumer Goods Industry with a total of 46.553 million shares worth N2.833 billion in 2,703 deals.
Trading in the top three equities namely – United Bank For Africa Plc, FBN Holdings Plc and Access
Bank Plc accounted for 288.689 million shares worth N1.275 billion in 3,854 deals, representing 30.07 per cent and 16.20 per cent to the total equity turnover volume and value respectively.
