Published On: Mon, Mar 27th, 2017

NSE : Capitalization dips by 0.80%

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From Ngozi Onyeakusi, Lagos

Transaction on the floor of the Nigeria Stock Exchange (NSE) last week ended on bearish trend as the twin market indicators ended red.
Specifically, the NSE All-Share Index depreciated by 0.77% to close at 25,454.93 basis points from 25,653.16 basis points it opened with while the Market Capitalization of listed equities as well decreased by 0.80% to close atN8.807 trillion from N8.878 trillion recorded the previous week.
Meanwhile, a total turnover of 1.309 billion shares worth N10.323 billion in 13,042 dealswere traded this week by investors on the floor of the Exchange in contrast to a total of 1.029 billion shares valued at N7.980 billion that exchanged hands last week in 13,441 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.139 billion shares valued at N6.028 billion traded in 7,518 deals; thus contributing87.01%and 58.39% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 71.209 million shares worth N2.306 billion in 2,261 deals. The third place was occupied by Services Industry with a turnover of 29.390 million shares worth N24.594 million in 258 deals.
Trading in the Top Three Equities namely – Continental Reinsurance Plc, Custodian And Allied Insurance Plc and FBN Holdings Plc (measured by volume) accounted for 565.746 million shares worth N1.450 billion in 914 deals, contributing 43.22% and 14.04% to the total equity turnover volume and value respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSELotus and NSE Industrial Goods Indices that appreciated by 0.35% and 5.14% while the ASEM Index closed flat. The NSE All-Share Index (ASI) 25,653.16 25,454.93 closed lower last week shedding 198.23 basis points to 25454.93 points from 25653.16traded the previous week.
NSE Premium Index 19.61 to 1,625.51 points, The NSE Main Board Index fell by5.91 to 1,143.45,NSE 30 index dips by 8.04 per cent to 1,133.25 points, NSE Bankingindex declined by 5.88 to 277.01, NSE Insurance dropped by 1.40 to 124.75, NSE Consumergoods index down by 1.93 to 628.38 , Oil and Gas declined by 9.24 to 281.30points and NSE Pension Index 13.97 to 787.46 points
Sixteen (16) equities appreciated in price during the week, lower than thirty-one (31) equities of the previous week. Thirty-five (35) equities depreciated in price, higher than twenty-two (22) equities of the previous week, while one hundred and twenty-six (126) equities remained unchanged higher than one hundred and twenty-four (124) equities recorded in the preceding week.
Lafarge Africa Plc led gainers table for the week, adding13.92 per cent or N5.01 kobo to close atN41.01, Fidson Healthcare Plc followed with a gain of 13.48 per cent or N0.12kobo to close at N1.01 kobo while Livestock Feeds Plc increased by 10.94 percent or N0.07 kobo to close at N0.71 kobo.
Other companies appreciated in price-were Mobil Oil Plc which gained 6.16 per cent, Julius Berger Nigeria Plc 5.01per cent, Cement Company of Northern Nigeria 4.44per cent, Transnational Corporation of Nigeria 4.23 per cent.
Nigeria Aviation HandlingCompany Plc 3.0 per cent, Onado Plc 2.77 per cent, Nestle Nigeria Plc 2.60 percent LOSERSGuinness Nigeria Plc recorded the highest loss for the week-dropping by 9.77 per cent or N6.50 kobo to close at N60.00, Seplat PetroleumDevelopment Company limited trailed with a loss of 9.73 per cent or N38.72 kobo to close at N359.28 kobo while Diamond Bank Plc fell by 8.51 per cent or N0.08kobo to close at N0.86 kobo.

Other firms that recorded price depreciation wereUACN Property Development Company LTD 8.42 per cent, Africa Prudential Registrars Plc 8.40 percent, UACN Plc 7.79 per cent, AIICO Insurance Plc 6.78 per cent, Neimet International Pharmaceuticals Plc 6.56 per cent, Cadbury Nigeria Plc 6.47 percent, Greif Nigeria Plc 6.19 per cent

Also traded during the week were a total of 11,585 units ofExchange Traded Products (ETPs) valued at N144,678.50 executed in 5 deals compared with a total of 20 unitsvalued at N90.90 transacted last week in 2 deals.

A total of 18,144 units of Federal Government Bonds valued at N17.555 million were traded this weekin 12 deals, compared with a total of 8,390 units valued at N8.203million transacted last week in 4 deals.

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