Stock Market Indices Shed 1.10 % Last Week

The lead indices of the Nigerian Stock Exchange, NSE, the All-Share Index and the Market Capitalisation dipped by 1.10% to close the week at 27,294.21 and N9.375 trillion respectively.

All other Indices finished higher during the week with the exception of the NSE Premium, NSE 30, NSE Banking, NSE Insurance Indices that fell by 3.53%, 0.43%, 0.44%, 0.29% respectively.

Twenty-one equities leaped in price during the week, higher than 16 equities of the previous week. Forty-one equities depreciated in price, higher than 38 equities of the previous week, while 118 equities remained unchanged lower than 126 equities recorded in the preceding week.

The Financial Services Industry (measured by volume) led the activity chart with 529.258 million shares valued at N2.774 billion traded in 6,290 deals; thus contributing 77.98% and 40.35% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 58.413 million shares worth N2.704 billion in 2,223 deals. The third place was occupied by the Conglomerates Industry with a turnover of 50.376 million shares worth N95.110 million in 537 deals.

Trading in the Top Three Equities namely – FBN Holdings Plc, Access Bank Plc and FCMB Group Plc (measured by volume) accounted for 226.665 million shares worth N757.967 million in 1,879 deals, contributing 33.39% and 11.03% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 5.079 million units of Exchange Traded Products (ETPs) valued at N49.828 million executed in 57 deals, compared with a total of 10,779 units valued at N63,890.18 transacted last week in 22 deals

A total of 4,100 units of Federal Government Bonds valued at N4.287 million were traded in 3 deals compared to a total of 1,700 units of Federal Government Bonds valued at N1.518 million transacted last week in 1 deal.

A turnover of 678.710 million shares worth N6.875 billion in 11,808 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 674.721 million shares valued at N7.657 billion that exchanged hands last week in 12,290 deals.