Stories by Amaka
Ifeakandu
Investment in the nation’s equity market last week sustained declining profile as market capitalization listed equities by N91 billion.
The value of equity depreciated by 0.71% to N12.700 trillion from N N12.791 trillion recorded the preceding week. Also, the All Share Index (ASI) also trend downward by 278.23 basis points to 38578.78 points from 38857.01 points traded the previous week.
All the NSE indices depreciated during the week with the exception of the NSE ASeM that closed flat at 950.94 points. The NSE 30 Index decline by 13.75 point to close at 1,744.39, NSE Banking index loss 1.09 point to 397.11, NSE Insurance index 0.60 to close at 138.71, NSE Consumer goods index went down by 14.33 to close at 956.75.
Others were NSE Oil /Gas index depreciated 4.47% to close at 316.49 points, NSE lotus II dropped by 59.22 to close at 2,491.93 points and industrial goods index decreased by 38.30 points to close at 2,491.93Investors for the week exchanged a turnover of 1.099 billion shares worth N13.393 billion in 19,078 deals in contrast to a total of 2.059 billion shares valued at N27.839 billion that exchanged hands the previous week in 20,413 deals.
The Financial Services Industry led the activity chart in volume terms with account of 680.117 million shares valued at N6.727 billion traded in 11,201 deals,contributing 61.87% and 50.23% to the total equity turnover volume and value respectively.
The ICT Industry followed with a turnover of 169.045 million shares worth N84.692 million in 62 deals. The Services Industry took third position with account of 99.369 million shares worth N109.674 million in 584 deals.
Trading in the top three equities namely- Mass Telecommunication Innovations Nigeria, FBN Holdings and Zenith Bank accounted for 403.832 million shares worth N4.153 billion in 4,462 deals, showing 36.74% and 31.01% to the total equity turnover volume and value respectively.
Coversely, Associated Bus Company topped losers chart for the week, declining by 12.09 or N0.11 kobo to close at N0.80 kobo. Guinness Nigeria trailed with a loss of 10.26% or N19.50 kobo to close at N71.32 kobo, while Cadbury Nigeria recorded loss of 9.72% or N7.68 kobo to close at N71.32 kobo.
Other companies that recorded price depreciation were Presco 9.30%, R.T. Briscoe Nigeria Plc8.80 per cent, University Press 8.43%, Honey Well Flour Mill 7.75%, Airlines Services and Logistics 7.36%, Sterling Bank 7.23% and Skye Bank 7.0%
Also traded during the week were a total of 23,433 units of Exchange Traded Products (ETPs) valued at N495,614.00 executed in 15 deals compared with a total of 12,184 units of valued at N425,438.88 million transacted last week in 16 deals.
