Performance at the Nigerian Stock Market, last week, relapsed from a four-week upward trajectory, pushing Year to Date performance lower to 19.53 percent.
The All Share Index of the bourse close dat 32,122.14 points. Likewise, market capitalization slumped by 4.99 percent or N584 billion to close the week at N11.108 trillion.
A breakdown of the performance of the indices showed the Banking and Industrial Goods recorded the largest losses of -6.78 percent and -5.36 percent respectively, as a result of profit taking in Zenith Bank and Access Bank that closed the week 11.18 and 11.40 percent lower respectively.
The Industrial Index, however, dropped following Dangote Cement’s 4.59 percent loss and Wapco that fell 9.16 percent during the week in review.
In the same manner, losses recorded in the shares of AXA Mansard (-15.77% w/w), NB (-7.38% w/w), and Oando (-13.40% w/w) left the Insurance, Consumer Goods and Oil & Gas indices, with losses of 5.36 percent, 3.95 percent and 0.80 percent, respectively.
Market breadth thus remained negative, with 23 gainers (38 last week), topped by Neimeth Pharmaceuticals that grew 44.12 percent during the week. The week also ended with 52 losers led by Transcorp that dropped 23.12 percent against 42 equities that declined last week. While 98 equities remained unchanged higher than 93 equities recorded in the preceding week.
Total volume traded declined by 15.58 percent to 2.3 billion shares compared to 2.7 billion last week, with Zenith Bank, Transcorp, and FBN Holdings accounting for 28.80 percent of the market volume.
The value of trades also fell by 23.30 percent to N24.58 billion compared to N32.04 billion traded in previous week, with Zenith Bank, Guaranty, and NB accounting for 49.53 percent of total value.
Also traded during the week were a total of 63,927 units of Exchange Traded Products (ETPs) valued at N841,330.04 executed in 11 deals compared with a total of 16,300 units valued at N973,376.00 transacted last week in 3 deals
A total of 2,212 units of Federal Government Bonds valued at N2.098 million were traded this week in 7 deals, compared with a total of 12,193 units valued at N12.440 million transacted last week in 14 deals.
