NSE Index Sheds 4.39% in One Week On Sloppy Trading

Transactions on the floor of the Nigerian Stock Exchange, NSE, ended last week on a negative note as the All-Share Index and Market Capitalization slid by 4.39% to close this week at 29,305.40 and N10.065 trillion respectively.

Similarly, the trend swept through all market segments as all other Indices finished lower during the week, with the exception of the NSE ASeM Index that closed higher.

Trading in the Top Three Equities this week were, Guaranty Trust Bank Plc, FBN Holdings Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 523.549 million shares worth N6.539 billion in 5,223 deals, contributing 35.65% and 38.32% to the total equity turnover volume and value respectively.

Twenty-two equities appreciated in price during the week, lower than 40 equities of the previous week. Fifty-two equities depreciated in price, higher than 32 equities of the previous week, while 106 equities remained unchanged lower than 108 equities recorded in the preceding week.

A turnover of 1.469 billion shares worth N17.065 billion in 21,246 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.387 billion shares valued at N26.381 billion that exchanged hands last week in 28,072 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.169 billion shares valued at N10.241 billion traded in 12,697 deals; thus contributing 79.59% and 60.01% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 133.613 million shares worth N300.892 million in 1,081 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 110.745 million shares worth N4.904 billion in 3,495 deals.

Also traded during the week were a total of 12,695 units of Exchange Traded Products (ETPs) valued at N174,028.05 executed in 35 deals, compared with a total of 121,501 units valued at N90.716 million transacted last week in 34 deals.

A total of 2,979 units of Federal Government Bonds valued at N2.908 million were traded in 5 deals compared to a total of 9,439 units of Federal Government Bonds valued at N10.429 million transacted last week in 7 deals.