Transaction on the floor of the Nigeria Stock Exchange last week ended on a bearish note as the market indicators closed flat. Specifically, Market Capitalization of listed equities depreciated by 1.41% to close Friday N13.963 trillion from N14.163 trillion it opened with while the NSE All-Share Index ended up lower with 42,285.82 basis points against 42,891.82 basis points recorded the previous week. Similarly, all the NSE sector indices depreciated during the week with the exception of the NSE Banking Index and NSE ASeM Index that rose by 0.69% and 0.31% respectively.
Review of activities in the market showed that a turnover of 1.778 billion shares worth N38.103 billion in 24,186 deals were by investors in contrast to a total of 1.777 billion shares valued at N19.904mbillion that exchanged hands in 25,974 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 995.130 million shares valued at N10.013 billion traded in 11,089 deals; thus contributing 55.96% and 26.28% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 304.204 million shares worth 1.848 billion in 2,632 deals. The third place was occupied by the Services Industry with 141.791 million shares worth N776.224 million in 933 deals. Trading in The Top Three Equities Namely- Transnational Corporation Of Nigeria Plc, Guaranty Trust Bank Plc and Oando Plc (measured by volume) accounted for 583.298 million shares worth N9.705 billion in 6,294 deals, contributing 32.80% and 25.47% to the total equity turnover volume and values respectively.
Further review indicated that twenty-six (26) equities appreciated in prices during the week lower than Forty-eight (48) equities of the preceding week. Fifty-four (54) equities depreciated in prices higher than Thirty-two (32) equities of the preceding week, while one hundred and twenty (120) equities remained unchanged same as in the preceding week.
Cement Company of Northern Nigeria (CCNN) led gainers table in percentage terms, appreciating by 20.08 per cent or N2.37 kobo to close at N14.17 kobo, Pharma-Deko followed with a gain of 14.67 per cent or N0.22 kobo to close at N1.72 kobo while Stanbic IBTC grow by 6.71 per cent or N1.83 kobo to close at29.09 kobo. Other companies that recorded price appreciation were Ikeja Hotel 6.67 per cent, Port Land Paints and Products Nigeria Plc 6.10 per cent, Diamond Bank, 6.10 per cent, Cutix Plc 5.56 per cent, McNichols Plc 4.44 per cent, C & I leasing 4.00 and Guaranty Trust Bank 3.33 per cent On the other hand, Evans Medical Plc topped losers chart, dropping by
12.34 per cent or N0.29 kobo to N2.06 kobo, Japaul oil & Marine Services 10.53 per cent or N0.06 kobo to close at N0.51 kobo while Champion Breweries loss 9.64 per cent or N0.98 kobo to close at N9.19 kobo. Other companies that depreciated in price were Eterna Plc 9.30 per cent, Forte Oil 9.24 per cent, NPF Micro Finance Bank plc 9.09 per cent, Ashaka Cement Plc 8.36 per cent, Costain (West Africa) Plc 7.94 per cent, Unilever Nigeria Plc 7.14 per cent and Transnational
Corporation of Nigeria Plc 6.77 per cent Also traded during the week were a total of 516,299 units of Exchange Traded Products (ETPs) valued at N10.120 million executed in 17 deals compared with a total of 18,535 units valued at N483.425.26m transacted the previous week in 19 deals.
Similarly, 300 units of FGN bonds valued at N349, 812.46 were traded this week in 3 deals compared with a total of 220 units of FGN bonds valued at N260, 072.36 transacted last week in 2 deals.