Equity transaction on the floor of the Nigeria Stock Exchange last week closed on a bearish trend as the market indicators ended flat.
Specifically, the Market Capitalization of listed equities depreciated by 5.55% to close on Friday at N12.613 trillion from N13.354 trillion it opened with while NSE All-Share Index dropped to 38,197.73 basis points from 40,444.39 basis points recorded the previous week.
Similarly, all the indices depreciated during the week with the exception of the NSE ASeM Index that closed flat. The NSE Index dropped by 116.18 basis points to 1,728.41, NSE Banking index fell by 31.65 to 384.31, NSE Insurance Index decreased by 0.42 to 145.33, NSE Consumer goods index went down by 59.00 to 960.20, NSE Oil/Gas index declined by 30.59 to 420.28, NSE Lotus II went down by 143.64 to 2,533.81, NSE Industrial goods 187.95 to 2,535.90 points
Review of activity in the market showed that a turnover of 1.885 billion shares worth N23.733 billion in 24,705 deals were traded by
investors on the floor in contrast to a total of 1.351 billion shares valued at N14.471 billion that exchanged hands in 14,680 deals the previous week
The Financial Services Industry (measured by volume) led the activity chart with 1.446 billion shares valued at N14.789 billion traded in 13,653 deals; thus contributing 76.68% and 62.32% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 172.117 million shares worth 1.091 billion in 1,835 deals. The third place was occupied by Services
Industry with 88.966 million shares worth N281.340 million in 912 deals.
Trading in The Top Three Equities namely- FBN Holdings Plc, Access Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 581.406 million shares worth N4.992 billion in 5,534 deals, contributing 30.84% and 21.04% to the total equity turnover volume and value respectively.
Further review revealed that Thirteen (13) equities appreciated in prices during the week lower than nineteen (19) equities of the
preceding week. Sixty-nine (69) equities depreciated in prices higher than thirty-eight (38) equities of the preceding week, while one hundred and eighteen (118) equities remained unchanged lower than one hundred and forty three (143) recorded in the preceding week.
7UP Bottling Company Plc led gainers table for the week in per centage form, increasing by 10.24 per cent or N0.15.13 kobo to close at N162.86 kobo, Ikeja Hotel Plc followed with a gain of 8.65 per cent or N0.23 kobo to close at N2.89 kobo while Mansard Insurance Plc grew by 8.33 per cent or N0.23 kobo to close at N2.99 kobo. Other companies appreciated in price were Academy press 4.55 per cent, UPDC Real Estate Investment Trust 3.69 per cent, R.T. Briscoe Nigeria Plc 3.49 per cent, May & Baker Nigeria Plc 3.45 per cent, International Breweries Plc 3.28 per cent and Courteville Investments Plc.
On the contrary, United Bank for Africa topped losers table dipping by 16.69 per cent or N1.06 kobo to close at N5.29 kobo, Transnational Corporation of Nigeria Plc 14.57 per cent or N0.80 kobo to close at N4.69 kobo while Oando Plc loss 14.40 per cent or N3.60 kobo to close at N21.40 kobo. Other stocks that depreciated in price were Seplat Petroleum Development Company Limited, Caverton Offshore Support GRP Plc 13. 64 per cent, Royal Exchange Assurance Plc 13.56 per cent, Lafarge Africa Plc 13.23 per cent, Dangote Sugar Refinery 12.96 per cent, Livestocks Feeds Plc 12.34 per cent, Port Land Paint and Products Nigeria Plc 12.00
Also traded during the week were a total of 5,407 units of Exchange Traded Products (ETPs) valued at N316,261.62 executed in 15 deals compared with a total of 3,651 units valued at N165,346.40 transacted last week in 10 deals.
Similarly, a total of 200 units of Federal Government Bonds valued at N215, 666.23 in 2 deals were traded this week. There were no transactions on bonds last the week