Last week, volume of transactions at the nation’s equity market declined by 74.1% or 5.164 billion, as investors exchanged a turnover of 1.809 billion shares worth N26.698 billion in 25,342 deals against a total of 6.973 billion shares valued at N24.439 billion that exchanged hands last week in 27,633 deals.
The financial services industry led the activity chart with account of 1.461 billion shares valued at N12.754 billion traded in 15,493 deals; indicating 80.78% and 47.77% to the total equity turnover volume and value respectively.
The conglomerates sector followed with a turnover of 109.218 million shares worth N648.477 million in 1,274 deals, while the consumer goods industry came third followed with 97.334 million shares worth N11.308 billion in 3,809 deals.
Trading in the top three equities namely, Zenith International Bank, African Prudential Registrars and Access Bankaccounted for 487.007 million shares worth N5.399 billion in 3,777 deals, contributing 26.92% and 20.22% to the total equity turnover volume and value respectively.
The result further showed that the NSE All-Share Index ASI enhanced by 1263.15 basis points to 39,558.89 points from 38,295.74 points traded the preceding week while market capitalisation of listed equities appreciated by N406 billion or 3.30% to close on Friday atN12.707 trillion.
Likewise, six of the NSE sector indices appreciated during the week with the exception of two. The NSE 30 index rose by 3.61% to close at 1,777.82, NSE Consumer Goods chalked up by 2.41% to close at 1,007.78, NSE Banking inched up by 6.99% to close at 384.45.
The NSE Insurance index grew by 3.49% to close at 146.67, NSE Lotus II index edged up by 1.02% to close at 2,839.96 while NSE Industrial Goods index improvedby 1.44% to close at 2, 568.76.However, the NSE Oil/Gas index sheds 1.34% to close at 301.49 while the NSE-ASeM index depreciated by 0.35% to close at 959.63.
About 51 equities appreciated in prices against 17 companies recorded in the preceding week, while 26 stocks 26 stocks depreciated in pricescompared to 62 equities of the preceding week, while 121 equities remained unchanged higher than 118 firms traded in the previous week.
Wema Bankled the gainers table in percentage terms, appreciating by 21.05% or 0.20 kobo to close at N1.15 kobo, Airline Services and Logistics followed with 20.65% or N0.51 kobo to close at N2.98 kobo while Guinness Nigeria 17.17% or N29.00 to close at N197.90 kobo.
Other stocks that appreciated in price were United Bank for Africa 17.01%, Cement Company of the Northern Nigeria15.50%, Presco14.43%, UBA Capital 13.60%, Union Bank of Nigeria 12.88%, Skye Bank 12.12% and Honeywell Flour Mill 11.71%.
Academy Press topped losers chart shedding 18.11% or N0.44 kobo to close at N1.99 kobo, Oasis Insurance 15.38% or N0.10 kobo to close at N0.55 kobo, while IPWA lost 10.34% or N0.06 kobo to close at N0.52 kobo. Others were Costain( West Africa) 9.25%, Courterville Investments 8.64%, Flour Mills 5.45%, Paints and Coatings Manufactures 5.00%, Cadbury 4.99%, Forte Oil 4.99%, and Beta Glass Company 4.95 kobo.
