Stories by Amaka Ifeakandu
Lagos
Trading activities on the floor of the Nigerian Stock Exchange (NSE) last week continued with declining trend, shedding N271 billion. The market or the week fell by 2.43 per cent to N10.836 trillion from N11.107 trillion recorded the preceding week Also the NSE All Share Index depreciated by 809.08 basis points to 31.729.26 basis points from 32538.34 traded the previous week.
Similarly,all the Indices closed lower during the week, with the exception of NSE Insurance Index that closed higher by 1.26 per cent. The NSE 30 Index fell by43.05 to close at 1,445.12, NSE Banking index dropped by 11.26 to 350.22 points, NSE Consumer Goods Index shed 34.46 basis points to 788.22, NSE Oil/ Gas index 16.63 basis points to 352.67, NSE Lotus II decreased 45.27 to 2,149.60, NSE Industrial Goods index went down by 3.36 basis 2,198.07, NSE ASeM Index 2.65 basis points to 1209.95 and NSE Pension Index 0.29 to 1,009.98Investors for the week traded a turnover of 1.264billion shares worth N15.770 billion in 17,016 deals in contrast to a total of 1.269billion shares valued at N17.570billionthat exchanged hands last week in 18,993deals.
The Financial Services Industry led the activity chart in volume terms with account of 831.925 million shares valued at N8.924billion traded in 9,602deals, contributing 65.81 per cent and 56.59 per cent to the total equity turnover volume and value respectively.
The Natural Resources Industry followed with a turnover of 210.046 million shares worth N105.218 million in 14 deals. The Oil and Gas Industry took third position accounting for 59.600 million shares worth N1.418 billion in1, 632deals.
Trading in the top three equities namely –Zenith International Bank Plc.; Multiverse Plc and Access Bank Plc., accounted for 604.019 million shares worth N5.590 billion in 2,322 deals, contributing 47.78 per cent and 35.45 per cent to the total equity turnover volume and value respectively.
A review of the trading activities for the week showed that 19 equities appreciated in price during the week against 33 stocks recorded in the preceding week. The result also showed that 50 companies depreciated in price, compared to 36 equities of the preceding week, while 124 equities remained unchanged, the same as it recorded in the preceding week.
The breakdown of the transaction for the week showed that Ikeja Hotel Plc led gainers Table in per centage terms, dropping by 14.79 per cent or N0.54 kobo to close at N4.19 kobo, Neimeth Plc followed with a gain of 13.93 per cent or N0.17 kobo to close at N1.39 kobo, National Aviation Handling Company Plc increased by 10.0 per cent or N0.50 kobo to close at N5.50 kobo.
Other companies that depreciated in price were Continental Reinsurance Plc 10 per cent, Wema Bank Plc 7.53 per cent, Trans Nationwide Express Plc 7.46 per cent, May &Baker Nigeria Plc 6.67 per cent, Sterling Bank Plc 5.47 per cent, Fidson Healthcare Plc 4.50 per cent and Vono Products Plc 4.20 per cent.
