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Published On: Mon, Feb 12th, 2018

NSE: Investors’ wealth dips by 3.39%

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From Ngozi Onyeakusi, Lagos

Heavy investment losses has been persistent at the nation’s bourse as the market continue to measure lower.
Specifically, the NSE All-Share Index depreciated by 3.39% to close at 43,127.92 basis points from 44,639.99 basis points it opened with while the Market Capitalization equally decreased by 3.39% to closed at N15.477 trillion from N16.019 trillion recorded the previous week.
Similarly, all other indices finished lower during the week with the exception the NSE ASeM Indexthat closed flat.
Meanwhile, a total turnover of 4.426 billion shares worth N24.236 billion in 29,573 deals were traded in contrast to a total of 3.268 billion shares valued at N28.123 billion that exchanged hands in 35,761 deals the previous.
The Financial Services Industry (measured by volume) led the activity chart with 4.005 billion shares valued at N16.501 billion traded in 19,035 deals; thus contributing 90.49% and 68.08% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 167.723 million shares worth N464.656 million in 1,568 deals. The third place was occupied by Consumer Goods Industry with a turnover of 137.657 million shares worth N5.334 billion in 4,982 deals.
Trading in the Top Three Equities namely – Sterling Bank Plc, Skye Bank Plc and FCMB Group Plc(measured by volume) accounted for 2.520 billion shares worth N5.277 billion in 3,000 deals, contributing 56.95 % and 21.77% to the total equity turnover volume and value respectively.
Review of activity in the market showed that Twenty-three (23) equities appreciated in price during the week, lower than forty-nine (49) of the previous week. Sixty-four (64) equities depreciated in price, higher than forty-two (42) equities of the previous week, while eighty-five (85) equities remained unchanged higher than eighty-one (81) equities recorded in the preceding week.
Linkage Assurance Plc led gainers table for the week, gaining 25.0 per cent or N0.17 kobo to close at N0.85 kobo, Caverton offshore Support GRP Plc followed with a gain of 20.97 per cent or N0.52 kobo to close at N3.00 while Prestige Assurance Co. Plc appreciated by 16.67 per cent or N0.08 kobo to close at N0.56 kobo.
Other companies appreciated in price were Unity Bank Plc 10.24 per cent, Trans Nation Wide Express Plc 9.88 per cent, Continental Reinsurance Plc 7.28 per cent, Glaxosmith Kline Consumer Nigeria Plc 6.32 per cent, Jaiz Bank Plc 6.06 per cent and Eterna Plc 5.63 per cent.
Consolidated Hallmark Insurance Plc recorded the highest loss during the week, declining by 27.08 per cent or N0.13 kobo to close at N0.35 kobo, Skye Bank Plc trailed with a loss of 25.17 per cent or N0.36 kobo to close at N1.07 kobo. Unic Diversified Holding Plc dropped by 21.74 per cent or N0.10 kobo to close at N0.36 kobo. Other firms depreciated in price were Multiverse Mining and Exploration Plc 16.67 per cent, Wapic Insurance Plc 14.67 per cent, Wema Bank Plc 14.0 per cent, FBNHoldings Plc 13.30 per cent, Japaul Oil and Maritime Services Plc 2.50 per cent, Fidelity Bank Plc 11.89 per cent and Berger Paints Plc 9.55 per cent.
Also traded during the week were a total of 1.200 million units of Exchange Traded Products (ETPs) valued at N6.951 million executed in 10 deals, compared with a total of 32,189 units valued at N1.299 million that was transacted last week in 19 deals.
A total of 14,779 units of Federal Government Bonds valued at N14.050 million were traded this week in 18 deals, compared with a total of 16,268 units valued at N17.053 million transacted last week in 28 deals.

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