Transactions on the floor of Nigerian Stock Exchange (NSE) last week closed on a downward trend, shedding N461 billion. Specifically, the market capitalisation of listed equities down by 4.39 per cent to N10.065 trillion from N10.526 trillion recorded the previous week. Also the NSE All Share Index fell by 1,344.26 basis points to 29,305.40 from 3064.66 points traded the previous week.
Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index that closed higher. The NSE Premium Index fell by 91.77 basis points to 1860.34 points, The NSE Main Board Index down by 51.04 to 1,305.85 points, NSE 30 Index dropped by 63.25 to 1,299.23 points, NSE Banking Index 16.84 basis points to N296.03 points, NSE Insurance Index shed 0.65 to 139.44, NSE Consumer Goods Index went down by 38.39 to 718.71, NSE Oil/Gas Index 12.39 to 718.79, NSE Lotus II decline by 32.69 to 1949.44 points, NSE Industrial Goods index decrease by 99.03 to 102.38 points and NSE Pension Index fell by 36.91 basis points to 875.99 points Investors for the week traded turnover of 1.469 billion shares worth N17.065 billion in 21,246 deals in contrast to a total of 2.387 billion shares valued at N26.381 billion that exchanged hands last week in 28,072 deals.
The Financial Services Industry led the activity chart with 1.169 billion shares valued at N10.241 billion traded in 12,697 deals, contributing 79.59 per cent and 60.01 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 133.613 million shares worth N300.892 million in 1,081 deals. The third position was occupied by the Consumer Goods Industry with a turnover of 110.745 million shares worth N4.904 billion in 3,495 deals.
Trading in the top three equities namely – Guaranty Trust Bank Plc, FBN Holdings Plc and Transnational Corporation of Nigeria Plc accounted for 523.549 million shares
worth N6.539 billion in 5,223 deals, contributing 35.65 and 38.32 per cent to the total equity turnover volume and value respectively.
A review of the investment for the week indicated that 22 equities appreciated in price during the week, against 40 recorded in the previous week. The result show that 52 companies depreciated in price, compared with 32 equities of the previous week, while 106 equities remained unchanged lower than 108 equities recorded in the preceding week.
The result showed that Julius Berger Nigeria Plc recorded highest gain for the week, growing by 15.75 per cent or N6.93 kobo to close at N50.93 kobo, Conoil Plc followed with a gain of 15.68 per cent or N3.45 kobo to close at N25.45 kobo while Union Dicon Salt Plc added 15.67 or N2.35 kobo to close at N17.35 kobo. Other companies that appreciated in price were Berger Paints Nigeria Plc 10.12 per cent, Red Star Express Plc 9.14 per cent, Neimeth international Pharmaceutical Plc 8.77 per cent,
