Published On: Mon, Aug 8th, 2016

Equity market dips by 2.09%

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From Ngozi Onyeakusi, Lagos

Heavy invest losses last week greeted stocks quoted on the floor of the Nigeria Stock Exchange (NSE) as market indicators ended red.
Specifically, the NSE All-Share Index depreciated by 2.09% to close at 27,425.86 basis points from 28,009.93 basis points it opened with while the Market Capitalization of listed equities as well decreased by 2.09% close at N9.419 trillion from N9.620 trillionrecorded the previous week.
Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index which closed flat at 1,213.68 points.
Meanwhile, a turnover of 1.185 billion shares worth N13.033 billion in 18,548 deals were trades by investors in contrast to a total of 1.867 billion shares valued at N16.330 billion that exchanged hands in 21,584 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 882.909 million shares valued at N6.532 billion traded in 10,186 deals; thus contributing 74.49% and 50.12% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 89.432 million shares worth N159.459 million in 890 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 75.383 million shares worth N2.120 billion in 3,635 deals. Trading in the Top Three Equities namely – United Bank for Africa Plc, Guaranty Trust Bank Plc and Fidelity Bank Plc (measured by volume) accounted for 394.778 million shares worth N3.857 billion in 2,866 deals, contributing 33.31% and 29.59% to the total equity turnover volume and value respectively.
The Nigerian Stock Exchange (NSE) fell by 554.07 basis points to close at 27425.86 points from 28009.92 recorded the previous week. NSE Premium Index down by 15.06 to 1,759.08, the NSE Main Board index went down by 35.81 bbasis points to1,214.07 points, NSE 30 index declined by 33.82 to 1,211.99, NSE Bankin Index 13.13 to 277.78 points NSE Insurance shed 2.40 to 130.28 points, NSE Consumer goods Index 19.57 to 700.41 points, NSE Oil & Gas depreciated by 5.54 to 293.43, NSE Lotus II dropped by 21.23 to 1,821.44 , NSE Industrial Goods Index dipped by 62.94 to 1,790.97 while NSE Pension index decreased by 18.13 to 816.42 points.
Review of activity in the market showed that Twenty-two (22) equities appreciated in price during the week, lower than thirty-five (35) equities of the previous week. Forty (40) equities depreciated in price, higher than thirty–one (31) equities of the previous week, while one hundred and eighteen (118) equities remained unchanged higher than one hundred and fourteen (114) equities recorded in the preceding week
Total Nigeria Plc led gainers table for the week , growing by 33.34 per cent or N60.52 kobo to close at N242.02 kobo, Airline Services and Logistics Plc followed with a gain of of 22.94 per cent or N0.39 kobo to close at N2.09 kobo, Eterna Plc appreciated by 14.47 per cent or N0.34 kobo to close at N2.69 kobo. Other companies appreciated in price were Mobil Oil Nigeria Plc 10.25 per cent, MRS Oil Nigeria Plc 10.25 per cent, Cutix Plc 9.38 per cent, Flour Mills Nigeria Plc 8.81 per cent, Law Union and Rock Insurance Plc 7.55 per cent, Livestock Feeds Plc 5.49 per cent ad PZ Cussons Nigeria Plc 5.11 per cent
On the other hand,Seplat Petroleum Development Company topped losers chart, shedding 18.54 per cent or N55.23 kobo to close at N242.60 kobo, Fidelity Bank Plc trailed with a loss of 14.63 per cent or N0.18 kobo to close at N1.05 kobop while Diamond Bank shed 13.84 per cent or N0.22 kobo ti close at N1.37 kobo. Other firms that recorded price depreciation were 7UP Bottling Plc 9.62 per cent,FCMB Group Plc 9.29 per cent, Lafarge Africa plc 8.66 per cent, Africa Prudential Registrar Plc 8.28 per cent, AIICO Insurance Plc 8.11per cent, Trans Nation Wide Express Plc 7.55 per cent, Ecobank Transnational Incorporated 7.22 per cent
Also traded during the week were a total of 11,383 units of Exchange Traded Products (ETPs) valued at N128,168.98 executed in 48 deals compared with a total of 57,510 units valued at N439,941.91 transacted last week in 32 deals.
A total of 340 units of Federal Government Bonds valued at N370,066.80 were traded in 1 deal compared to a total of 5,749 units of Federal Government Bonds valued at N5.513 million transacted last week in deals.

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  1. Janay says:

    Just do me a favor and keep writing such trnahcent analyses, OK?

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