Transaction on the floor of the Nigeria Stock Exchange(NSE) last week ended on a bearish note as the market indicators closed negatively.
Specifically, the NSE All-Share Index depreciated by 0.06% to close on Friday at 38,554.19 while the market capitalization of the listed equities on the main board also depreciated by 0.01% to close at N12.669 trillion.
Four of the NSE Indices appreciated during the week. NSE Banking index improved by 0.92 to close at 398.03, NSE Insurance also increased by 3.13 points to 141.84, NSE Oil and Gas grew by 6.48 points to 322.97, NSE Industrial goods index went up by 15.01 basis point to 2506.94. Three of NSE depreciated during the week. ASI NSE 30 index declined by 6.97 to close at 1737.42 points, NSE Consumer goods index fell by 1.50 to 955.25 and NSE Lotus II loss 2.65 points to 2,693.30. However, the NSE ASeM closed flat during the week.
Though the market recorded additional 0.598 shares as a turnover of 1.697 billion shares worth N17.424 billion in 22,096 deals were traded by investors in contrast to a total of 1.099 billion shares valued at N13.393 billion that exchanged hands in 19,078 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 1.345 billion shares valued at N9.334 billion traded in 12,384 deals; thus contributing 79.22% and 53.57% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 108.919 million shares worth N856.147 million in 1,487 deals. The third place was occupied by the Consumer Goods Industry with 57.903 million shares worth N3.005 billion in 3,228 deals.
Trading in the Top Three Equities Namely- African Alliance Insurance Company Plc, Access Bank Plc and Continental Reinsurance Plc (measured by volume) accounted for 373.988 million shares worth N1.204 billion in 1,012 deals, contributing 22.03% to the total equity turnover volume.
Forty-two (42) equities appreciated in prices during the week higher than Twenty-three (23) equities of the preceding week. Thirty-four (34) equities depreciated in prices lower than Forty-seven (47) equities of the preceding week, while one hundred and twenty-three (123) equities remained unchanged lower than one hundred and twenty-nine (129) of the preceding week.
Custodian and Allied Plc led the gainers table in percentage terms, appreciating by 21.07 per cent or N0.51 kobo to close at N2.93 kobo, Mobil Oil Nigeria Plc followed with a gain of 18.15 per cent or N20.18 kobo to close at N135.87 kobo while NPF Micro Finance Bank Plc enhanced by 11.76 per cent or N0.10 kobo to close at N0.95 kobo. Other stock appreciated in price were National Aviation Handling Company Plc 11.18 per cent, Livestock feeds Plc 10.51 per cent, Ashaka Cement Plc 10.51 per cent, Evans Medical Plc 9.76 per cent, West African Provisional Insurance Plc 9.72 per cent, National Salt Company Nigeria Plc 9.60 per cent and NEM Insurance Company (Nig) Plc 9.33 per cent.
On the contrary, Fidson Healthcare Plc topped losers chart for the week, dropping by 14.18 per cent or N0.39 kobo to close at N2.36 kobo, Costain (West Africa) Plc trailed with a loss of 13.33 per cent or N0.20 kobo to close at N1.30 kobo while IPWA Plc loss by 10.34 per cent or N0.06 kobo to close at N0.52 kobo. Other companies that recorded price depreciation were Presco Plc 9.74 per cent, 7UP Bottling Company Plc 8.89 per cent, Ikeja Hotel Plc 7.94 per cent, UACN property Development 6.20 per cent, FBN Holdings Plc 5.58 per cent, Tourist Company of Nigeria Plc 4.90 per cent and Paints and Coatings Manufacturers Plc 4.88
Also traded during the week were a total of 13,692 units of Exchange Traded Products (ETPs) valued at N363,198.90 executed in 21 deals compared with a total of 23,433 units valued at N495,614.00 million transacted last week in 15 deals.
Similarly, 37,723 units of FGN bonds valued at N39.654 million were traded this week in 3 deals compared with 1,900 units of FGN bonds valued at N2.328 million transacted last week in 5 deal.