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Published On: Sun, Dec 14th, 2014

NSE: indicators dip by 7.4%

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By Ngozi Onyeakusi, Lagos

Transaction on the floor of the Nigeria Stock Exchange NSE last week closed on a bearish note as indicators ended flat.

Specifically, the Market Capitalization of listed equities depreciated by 7.42% to close on Friday at  N10.156 trillion  from  N10.970 trillion it opened with while  the  NSE All-Share Index ended with   30,763.38  basis points from  33,228.29 basis point recorded the previous week.

Similarly, all the indices drifted lower during the week with exception of the NSE ASeM Index that rose by 2.05%.

NSE 30 index shed 2,464.91 basis points to close at 1,397.45 basis points. NSE Banking index went down by 25.23 basis points to close at 323.95 basis points. NSE Consumer Goods index dropped by 88.38 basis points to close at 788.46 basis points. NSE Oil and Gas equally dipped by 31.67 basis points to close at 378.80 basis points.

Review of activity in the market showed that a turnover of 1.810 billion shares worth N28.918 billion in 20,677 deals were traded  by investors on the in contrast to a total of 1.526 billion shares valued at N24.992 billion that exchanged hands  in 21,344 deals the previous week.

As usual the Financial Services Industry (measured by volume) led the activity chart with 1.370 billion shares valued at N13.783 billion traded in 11,742 deals; thus contributing 75.69% and 47.66% to the total equity turnover volume and value respectively. The Consumer goods Industry followed with a turnover of 137.115 million shares worth N9.368 million in 3,583 deals. The third place was occupied by the Conglomerates Industry with 93.133 million shares worth N567.167 million in 1,256 deals.

Trading in the Top Three Equities namely- Guaranty Trust Bank Plc, FBN Holdings Plc and Diamond Bank Plc (measured by volume) accounted for 624.388 million shares worth N9.188 billion in 5,090 deals, contributing 34.50% and 31.77% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,299 units of Exchange Traded Products (ETPs) valued at N452,196.95 executed in 21 deals compared with a total of 10,886 units valued at N1.652 million transacted last week in 24 deals.

Similarly, a total of 800 units of FGN bonds valued at N825,011.67 were executed in 1 deal compared with a total of 9,250 units valued at N10.345 million transacted last week in 4 deals.

Ten (10) equities appreciated in price during the week lower than twenty-six (26) equities of the preceding week. Sixty-eight (68) equities depreciated in price higher than forty-nine (49) equities of the preceding week, while one hundred and nineteen (119) equities remained unchanged lower than one hundred and twenty-two (122) recorded in the preceding week.

Top 10 Price Gainers

E-Tranzact International Plc. led the gainers table in percentage  term s gaining  N0.34 or 15.38 per cent to close at N2.55 followed by Airline Services and Logistics Plc. N0.16 or 9.70’per cent to close at N1.81  and Wema Bank Plc N0.05 or,5.26 per cent to close at N1.00.

On the other hand, Transnational Corporation of Nigeria Plc. led the decliners chart losing N0.94 or 23.56 per cent to close at close at N3.05.

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