Published On: Mon, Jul 18th, 2016

Stock market: Equities slide by 0.17%

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Nigerian Stock Exchange (NSE)

Nigerian Stock Exchange (NSE)

From Ngozi Onyeakusi, Lagos

Transaction on the floor of the Nigeria Stock Exchange (NSE) has for the couple of weeks remained on a bearish trend as market indicators saw depreciations.
Specifically, the NSE All-Share Index depreciated by 0.17%to close at 28,805.45 basis points from 28,854.98 basis points it opened with while the Market Capitalization of listed equities as well decreased by 0.17% to close at N9.893 trillion from N9.910 trillion recorded the previous week.
Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE 30 Index, NSE Consumer Goods Index and the NSE Industrial Goods Index that gained 0.11%, 0.17%, 0.95% and 1.46% respectively. Mainwhile the NSE ASeM Index closed flat.
Meanwhile, a turnover of 1.149 billion shares worth N13.616 billion in 21,868 deals were traded by investors in contrast to a total of 377.798 million shares valued at N3.641 billion that exchanged hands in 7,466 deals the previous week.
Review of activity in the market showed that the Financial Services Industry (measured by volume) led the activity chart with 868.827 million shares valued at N6.110 billion traded in 13,046 deals; thus contributing 75.59% and 44.87% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 103.304 million shares worth N272.848 million in 1,111 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 66.743 million shares worth N3.501 billion in 3,368 deals.
Trading in the Top Three Equities namely –FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank
Plc (measured by volume) accounted for 353.999 million shares worth N3.867 billion in 4,188 deals, contributing 30.80% and 28.40% to the total equity turnover volume and value respectively.
The Nigerian Stock Exchange All Share Index declined by 49.53 per cent to 28805.45 from 28854.98 points traded the previous week. NSE Main Board index fell by 4.53 basis points to 1,272.68, NSE Banking index shed 0.58 to 287.69, NSE Insurance Index fell by 2.46 to 134.36 points, NSE Oil and Gas Index shed 4.24 to 318.20, NSE Lotus II down by 8.77 to 1,896, NSE Pension Index 3.82 basis points to 851.06.
Twenty-two (22) equities appreciated in price during the week, higher than nine (9) equities of the previous week. Thirty-eight (38) equities depreciated in price, lower than forty-eight (48) equities of the previous week, while one hundred and twenty (120) equities remained unchanged lower than one hundred and twenty-three (123) equities recorded in the preceding week.
Honey Well Flour Mills Plc led gainers table growing by 14.79 per cent or N0.20 kobo to close at N1.63 kobo, United Capital Plc followed with a gain of 7.69 per cent or N0.19 kobo to close at N2.66 kobo while Zenith international Bank appreciated by 6.02 per cent or N0.93 kobo to close at N16.38 kobo.
Other companies appreciated in price were LiveStock Plc 4.87 per cent, Lafarge Africa Plc 4.63 per cent, Unilever Nigeria Plc 3.77 per cent, Flour Mills Nigeria Plc 3.67 per cent, Dangote Sugar Refinery Plcc 3.23 per cent, United Bank for Africa appreciated by 3.14 per cent.
On the other hand, Skye Bank Plc topped losers chart for the week, shedding 31.03 per cent or N0.27 kobo to close at N0.60 kobo, NPF Micro Finance Bank Plc trailed with a loss of 21.01 per cent or N0.27 kobo to close at N0.60 kobo, Trans Nation Wide Express fell by 18.55 per cent or N0.23 kobo to close at N1.01 kobo.
Other companies that recorded Price depreciation were Oando Plc 14.53 per cent, GlaxosmithKline Consumer Nigeria Plc 13.14 per cent, Wema Bank Plc 10.71 per cent, Diamond Bank 10.45 per cent, PZ Industries Plc 10.43 per cent, Tiger Branded Consumer Goods Plcc 9.00 per cent and MRS Oil Nigeria Plc 8.01 per cent.
Also traded during the week were a total of 941 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 22 deals, compared with a total of 35 units valued at N374.00 transacted last week in 7 deals.
A total of 44,381 units of Federal Government Bonds valued at N44.679 million were traded in 5 deals compared to a total of 13,767 units of Federal Government Bonds valued at N14.356 million transacted last week in 5 deals.

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