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Published On: Mon, Feb 26th, 2018

NSE: Investors decry low returns

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From Ngozi Onyeakusi, Lagos

Heavy investment losses has been persistent at the nation’s bourse as the market continue to record depreciation.
Specifically, the NSE All-Share Index depreciated by 0.16% to close at 42,570.89 basis points from 42,638.83 basis points it opened with while the Market Capitalization equally decreased by 0.16% to closed at N15.277 trillion from N15.477 trillion from N15.302 trillion recorded the previous week.
Similarly, all other indices finished lower during the week with the exception of the NSE Banking,
Meanwhile, a total turnover of 2.018 billion shares worth N21.740 billion in 25,496 deals were traded by investor in contrast to a total of 2.940 billion shares valued at N27.924 billion that exchanged hands in 28,567 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 1.520 billion shares valued at N12.648 billion traded in 16,225 deals; thus contributing 75.30% and 58.18% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 130.660 million shares worth N6.912 billion in 4,168 deals. The third place was occupied by Oil and Gas Industry with a turnover of 130.163million shares worth N251.941 million in 1,420 deals.
Trading in the Top Three Equities namely – FBN Holdings Plc, Fidelity Bank Plc and Skye Bank Plc (measured by volume) accounted for 567.824 million shares worth N3.456 billion in 4,891 deals, contributing 28.14% and 15.90% to the total equity turnover volume and value.
Review of activity in the market showed that Twenty-three (23) equities appreciated in price during the week, lower than thirty (30) of the previous week. Fifty-four (54) equities depreciated in price, higher than forty-eight (48) equities of the previous week, while ninety-five (95) equities remained unchanged higher than ninety-four (94) equities recorded in the preceding week.
Livestock Feeds Plc led gainers table for the week, gaining 19.00 per cent or N0.19 kobo to close at N1.19 kobo, Japaul Oil & Maritime Services Plc followed with a gain of 16.67 per cent or N0.06 kobo to close at N0.36 kobo while Cap Plc increased by 7.80 per cent or N2.75 kobo to close at N38.00. Other firms appreciated in price were AIICO Insurance Plc 7.14 per cent, United Bank for Africa 6.58 per cent, Godson Healthcare Plc 6.49 per cent, First Aluminium Nigeria Plc 5.41 per cent, University Press Plc 5.26 per cent, Cadbury Nigeria Plc 4.97 , Linkage Assurance Plc 4.55 per cent.
On the other hand, Conoil Plc topped losers char, declining byb18.32 per cent or N7.20 kobo to close at N32.10 kobo, Courteville Business Solutions Plc trailed with a loss of 15.79 per cent N0.06 kobo to close at N0.32 kobo while Unic Diversified Holdings Plc down by 15.63 per cent or N0.05 kobo to close at N0.27 kobo. Other firms that recorded price depreciation were Unity Bank 12.87 per cent, DN Tyre and Rubber Plc 12.00 , Wema Bank 12.76 per cent, FCMB group 11.28 per cent, Caverton Support GRP Plc 9.43 per cent. Vitafoam Nigeria Plc 8.54 per cent and A. G. Leventis Nigeria Plc 8.33 per cent.
Also traded during the week were a total of 111,794 units of Exchange Traded Products (ETPs) valued at N1.806 million executed in 10 deals, compared with a total of 25,586 units valued at
N3.004 million that was transacted last week in 11 deals.
A total of 9,963 units of Federal Government Bonds valued at N10.057 million were traded this week in 21 deals, compared with a total of 2,785 units valued at N2.627 million transacted last week in 16 deals.

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