Stock Market Closes Week in Red Zone As NSE Index Sheds 1.73%

Trading activities on the floor of the Nigerian Stock Exchange, NSE, ended the week on a negative note on Friday, February 5, as the All-Share Index and Market Capitalization slid by 1.73% to close the week at 23,501.87 and N8.083 trillion respectively.

Likewise, all other Indices finished lower during the week, with the exception of the NSE ASeM Index, NSE

Insurance Index, and the NSE Oil/Gas Index that appreciated by 0.07%, 0.86% and 4.02% respectively.

Thirty equities appreciated in price during the week, lower than 38 equities of the previous week. Forty equities depreciated in price, higher than 29 equities of the previous week, while 120 equities remained unchanged, lower than 123 equities recorded in the previous week.

A turnover of 5.087 billion shares worth N18.487 billion in 16,711 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.133 billion shares valued at N9.463 billion that exchanged hands last week in 16,680 deals.

The Financial Services Industry (measured by volume) led the activity chart with 4.896 billion shares valued at N11.396 billion traded in 9,840 deals; thus contributing 96.25% and 61.64% to the total equity turnover volume and value respectively. The Conglomerates followed with 78.909 million shares worth N211.328 million in 604 deals. The third place was occupied by the Industrial Goods Industry with a turnover of 38.917 million shares worth N4.185 billion in 1,010 deals.

Trading in the Top Three Equities namely – Wema Bank Plc, FBN Holdings Plc and Zenith International Bank Plc, and.(measured by volume) accounted for 4.261 billion shares worth N8,548 billion in 3,763 deals, contributing 83.76% and 46.24 % to the total equity turnover volume and value respectively.

Also traded during the week were a total of 34,089 units of Exchange Traded Products (ETPs) valued at
N604,908.34 executed in 34 deals, compared with a total of 183,064 units valued at N1.552 million transacted last week in 34 deals.

A total of 4,190 units of Federal Government Bonds valued at N4.884 million were traded in 5 deals, compared with a total of 120,100 units valued at N142.951 million transacted last week in 5 deals.

A total volume of 4,950,000 units belonging to 16.5% BNU FEB 2022 were admitted to trade at the Exchange on Thursday 4th February, 2016.