Trading activities on the floor of Nigerian Stock Exchange took negative trend last week, declining by N20 billion.
Specifically, market capitalisation of listed equities fell by 0.13 per cent to N14.981 trillion from N15.001 trillion reported the previous week.
The Nigerian Stock Exchange All Share Index depreciated by 463.83 basis points to 41472.10 points from 41935.93 recorded the previous week.
Similarly, all other indices finished lower during the week with the exception of the NSE CG, NSE Banking and NSE Pension Indices that appreciated by 1.07 per cent , 3.31 per cent and 1.67 per cent respectively.
NSE Premium sheds 26.45 to 2916.70, The NSE Main board Index fell by 22.90 to 1,804.96, NSE ASeM index decline by 5.45 to 1,006.85, NSE 30 index dropped by 10.09 to 1880.78, NSE Insurance decreased by 4.82 to 152.90, NSE Consumer Goods index went down by 21.51 to 961.54, NSE Oil and Gas Index depreciated by 759 to 360.
43, NSE Lotus II dropped by 50.24 to 2656.96, NSE Industrial Goods index fell by 66.76 to 2283.04 while NSE Pension index sheds 25.97 to 1,579.18 points.
The NSE result showed that investors bought 2.328 billion shares worth N28.927 billion in 25,530 deals were traded this week in contrast to a total of 2.444 billion shares valued at N36.665 billion that exchanged hands last week in 26,712 deals.
The Financial Services Industry led the activity chart with 1.784 billion shares valued at N20.385 billion traded in 16,823 deals contributing 76.60 per cent and 70. 47 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 171.111 million shares worth N5.404 billion in 4,055 deals.
The third place was occupied by Oil and Gas Industry with a turnover of 124.065 million shares worth N296.727 million in 1,607 deals.
Trading in the top three Equities namely – Zenith International Bank Plc, Access Bank Plc and Fidelity Bank Plc accounted for 664.
391 million shares worth N10.659 billion in 6,429 deals, contributing 28.54 per cent and 36.85 per cent to the total equity turnover volume and value respectively.
Financial operators said that this week expected to witness more earnings reports in the market, especially as companies have up to Thursday this week as regulatory deadline to submit their December year-end audited results in line with the post-listing rule of the NSE.
They said that it is not expected that this pullback to linger on, in a recovering economy with the outpouring of stronger corporate earnings, positive economic data and transparent market that is technology driven.
Also, they said that investors should expect repositioning to continue, while profit taking will reduce on the strength of expected payouts and earnings surprises.
Operators also encourage investors not to panic but to go for equities with intrinsic value, especially during this season when dividend payment is ongoing.
A review of the transactions showed that equities appreciated in price during the week against 25 recorded the previous week.
The result revealed that 49 companies depreciated in price, lower than 60 reported two weeks ago, while 89 equities remained unchanged compared 86 equities recorded in the preceding week.
An analysis of the investment showed Glaxosmith Kline Consumer Nigeria Plc led gainers table, increasing by 21.
43 per cent or N4.50 kobo to close at N25.50 kobo, Fidelity Bank followed with a gain of 17.75 per cent or N0.41 kobo to close at N2.72 kobo, while Diamond Bank gained 11.98 per cent or N0.23 kobo to close at N2.15 kobo.
Other companies appreciated in price were Zenith International Bank 9.42 per cent, Transnational Corporation Of Nigeria 8.
28 per cent, Eterna Oil Plc 7.54 per cent, United Capital Plc 6.58 per cent, Nascon Allied Nigeria Flour Mills Plc 5.04 per cent and C&I leasing 4 97 per cent.
On the contrary, FTN Cocoa Processors Plc topped losers chart, dropping by 21.43 or N0.06 kobo to close at N0.22 kobo, Unity Capital Assurance trailed with a loss of 21.43 per cent or N0.06 kobo to close at N0.22 kobo, Niger Insurance Company Plc down by 16.67 per cent or N0.07 kobo to close at N0.35 kobo.
Other companies depreciated were Multiverse Mining and exploration Plc 16.00, Cadbury Nigeria Plc 14.71 per cent, Africa Alliance Insurance Company Plc 14.81 per cent, UNIC Diversifi ed Holdings 14.20 per cent, MCNICHOLs Plc 14.04 per cent, Mutual Benefits Assurance Plc 13.64 per cent and Tantaliser Plc 13.64 per cent.
Also traded during the week were a total of 4,165 units of Exchange Traded Products (ETPs) valued at N78,276.06 executed in 15 deals, compared with a total of 1.889 million units valued at N10.512 million that was transacted last week in 4 deals.
A total of 5,152 units of Federal Government Bonds valued at N4.562 million were traded this week in 24 deals, compared with a total of 40,566 units valued at N44313 million transacted last week in 29 deals.
