Published On: Mon, Jul 4th, 2016

Market capitalization dips by 4.39%

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Nigerian Stock Exchange (NSE)

Nigerian Stock Exchange (NSE)

From Ngozi Onyeakusi, Lagos

Heavy investment losses last week greeted equities listed on the floor of the Nigeria Stock Exchange (NSE) as market indicators turned red.
Specifically, the NSE All-Share Index depreciated by 4.39% to close at 29,305.40 basis points from 30,649.66 basis points it opened with while the Market Capitalization of listed equities as well decreased by 39% t to close at N10.065 trillion from N10.527 trillion recorded the previous week.
Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index that closed higher.
The NSE All Share Index fell by 1,344.26 basis points to 29,305.40 from 3064.66 points traded the previous week.
Meanwhile, a turnover of 1.469 billion shares worth N17.065 billion in 21,246 deals were traded by investors in contrast to a total of 2.387 billion shares valued at N26.381 billion that exchanged hands in 28,072 deals the previous week.
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.
Review of activity in the market showed that Trading in the Top Three Equities namely – 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.
NSE Premium Index fell by 91.77 basis points to 1860.34 points, The NSE Main Board Index down by 51.04 to 1,305.85 points, NSE 30 Index dropped by 63.25 to 1,299.23 points, NSE Banking Index 16.84 basis points to N296.03 points, NSE Insurance Index shed 0.65 to 139.44, NSE Consumer Goods Index went down by 38.39 to 718.71, NSE Oil/Gas Index 12.39 to 718.79, NSE Lotus II decline by 32.69 to 1949.44 points, NSE Industrial Goods index decrease by 99.03 to 102.38 points and NSE Pension Index fell by 36.91 basis points to 875.99 points.
Twenty-two (22) equities appreciated in price during the week, lower than forty (40) equities of the previous week. Fifty-two (52) equities depreciated in price, higher than thirty-two (32) equities of the previous week, while one hundred and six (106) equities remained unchanged lower than one hundred and eight (108) equities recorded in the preceding week.
Julius Berger Nigeria Plc recorded highest gain for the week, growing by 15.75 per cent or N6.93 kobo to close at N50.93 kobo, Conoil Plc followed with a gain of 15.68 per cent or N3.45 kobo to close at N25.45 kobo while Union Dicon Salt Plc added 15.67 or N2.35 kobo to close at N17.35 kobo. Other companies that appreciated in price were Berger Paints Nigeria Plc 10.12 per cent, Red Star Express Plc 9.14 per cent, Neimeth international Pharmaceutical Plc 8.77 per cent, NEM Insurance Co Nigeria Plc 8.51 per cent, Law Union and Rock Insurance 6.90 per cent, PZ industries Plc 6.58 per cent, Wema Bank Plc 6.33 per cent.
On the other hand, Smart Products Nigeria Plc topped losers chart, dropping by 25.49 per cent or N0.26 kobo to close at N0.76 kobo, Honey Well Flour Mills followed with a loss of 22.60 per cent or N0.47 kobo N1.61 kobo while Champion Breweries Plc fell by 14.86 or N0.74 kobo to close at N4.24 kobo. Other Companies that recorded price depreciation were A.G. Leventis Nigeria Plc 13.39 per cent, Unity Bank Plc 13.16 per cent, Transnational Corporation of Nigeria 11.50 per cent, Eterna Plc 11.15 per cent, UAC Property Development Co Plc 11.11. per cent, Nigerian Breweries 9.59. per. cent National Aviation Handling Plc 9.19 per cent.
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.

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