Stock Market Indices Drop 0.72% In One Week

Lead indices of the Nigerian Stock Exchange, NSE, the All-Share Index and Market Capitalisation slid by 0.72% to close the week at 27,450.91 points and N9.428 trillion respectively.

Similarly, four other Indices finished lower during the week, with the exception of the NSE Main Board, NSE 30, NSE Banking, NSE Insurance, NSE Consumer Goods, NSE Oil and Gas and NSE Pension indices that rose by 1.93%,0.33%,0.86%,0.04% 0.93%, 6.74% and 1.21% respectively while the NSE ASeM Index closed flat.

Twenty-seven equities appreciated in price during the week, higher than 25 equities of the previous week. While twenty-five equities depreciated in price, lower than 39 equities of the previous week, while 128 equities remained unchanged higher than 116 equities recorded in the preceding week.

Leading the price gainers for the week were Seplat Petroleum with a 14.58% or N35 growth to close at N275 per share, Forte Oil Plc followed with a gain of 10.56% or N16.90 to close at N177 per share while Transcorp Plc added 10.48% or 11 kobo to close at N1.16 per share.

On the other hand, FCMB Group Plc led the week’s decliners, as its stocks depreciated by 14.96% or 19 kobo this week to close N1.08 per share, A.G. Leventis Plc dropped 10.10% or 10 kobo to close at 89 kobo per share while Academy Press Plc lost 9.52% or 6 kobo to close at 57 kobo per share.

The Financial Services Industry (measured by volume) led the activity chart with 922.145 million shares valued at N7.739 billion traded in 9,612 deals; thus contributing 82.07% and 55.92% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 113.395 million shares worth N4.680 billion in 2,689 deals. The third place was occupied by the Conglomerates Industry with a turnover of 42.988 million shares worth N60.763 million in 610 deals.

Trading in the Top Three Equities namely – Guaranty Trust Bank Plc, FBN Holdings Plc and Diamond Bank Plc(measured by volume) accounted for 434.979 million shares worth N5.236 billion in 3,490 deals, contributing 38.71% and 37.84% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 16,397 units of Exchange Traded Products (ETPs) valued at N1.961 million executed in 37 deals, compared with a total of 57,828 units valued at N766.162.96 transacted last week in 37 deals.

A total of 1,650 units of Federal Government Bonds valued at N1.690 million were traded in 3 deals compared to a total of 3,127 units of Federal Government Bonds valued at N3.057 million transacted last week in 6 deals.