Transaction on the floor of the Nigeria Stock Exchange (NSE) last week ended on a bearish trend as the twin market indicators depreciated significantly.
Specifically, the Market Capitalization of listed equities depreciated by 1.06% to close on Friday at N10.251 trillion from N10.360 trillion it opened with while the NSE All-Share Index equally dropped by 1.06% to close with 30,719.36 basis points from 31,049.37 basis points recorded the previous week.
Similarly, all Indices finished lower during the week with exception of the NSE Insurance Index which closed higher at 0.60% while the NSE ASeM Index closed flat at 1,212.94 points The 30 Index fell by 19.75 basis points to 1,405.99, NSE Banking index declined by 0.19 basis 359.61, NSE Consumer Goods index decreased by 16.64 basis points to 767.29, NSE Oil/Gas dropped by 13.62 to 364.74, NSE Lotus II went down by 11.82 to 2,046.41, and NSE Industrial good index dipped by 50.80 to 1,911.02.
Review of activity in the sector showed that a turnover of 3.596 billion shares worth N24.564 billion in 24,288 deals were traded by investors in contrast to a total of 2.133 billion shares valued at N24.386 billion that exchanged hands in 22,532 deals the previous week.
As usual, the Financial Services Industry (measured by volume) led the activity chart with 3.153 billion shares valued at N15.277 billion traded in 16,299 deals; thus contributing 87.68% and 62.19% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 168.286 million shares worth N1.860 billion in 1,289 deals. The third place was occupied by the Oil and Gas Industry with 107.869 million shares worth N1.999 billion in 1,617 deals.
Trading in the Top Three Equities namely- Unity Bank Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 1.806 billion shares worth N7.680 billion in 5,999 deals, contributing 50.22% and 31.27% to the total equity turnover volume and value respectively.
Thirty-three (33) equities appreciated in price during the week, lower than forty (40) equities of the preceding week. Thirty-six (36) equities depreciated in price, higher than thirty (30) equities of the preceding week, while one hundred and twenty-seven (127) equities remained unchanged, higher than one hundred and twenty-six (126) equities recorded in the preceding week.
May &Baker Nigeria Plc led gainers table in per centage terms increasing by 17.76 per cent or N0.27 kobo to close at N1.79 kobo, UBA Capital Plc followed with a gain of 12.58 per cent or N0.19 kobo to close at N1.70 kobo while Cadbury Nigeria Plc appreciated by 8.92 per cent or N3.38 kobo to close at N41.28 kobo. Other companies appreciated in price were NPF Micro Finance Bank 8.89 per cent,
Fidelity Bank Plc 8.63 per cent, Cutix Plc 8.57 per cent, International Energy Insurance Company Plc 8.00 per cent, FCMB Group Plc 7.92 per cent, Transnational Corporation of Nigeria Plc 7.14 per cent and Caverton Offshore Support Group Plc 6.05 per cent.
Costain West Africa Plc on the other hand topped losers chart for the week, dropping by 16.44 per cent or N0.12 kobo to close at N0.61 kobo, Union Bank of Nigeria trailed with a loss of 13.04 per cent or N1.50 kobo to close at N10.00 while Beta Glass Company (Nigeria) Plc fell by 12.30 per cent or N3.33 kobo to close at N23.75 kobo. Other companies that took downward trend were Oando Plc 12.30 per cent, International Breweries 8.34 per cent, Mobil Oil Nigeria Plc 6.71 per cent, Diamond Bank Plc 5.76 per cent, West African Provincial Insurance Plc 5.66 per cent, Dangote Sugar Refinery 5.55 per cent and Access Bank of Nigeria Plc
Also traded during the week were a total of 366,178 units of Exchange Traded Products (ETPs) valued at N6.500 million executed in 27 deals compared with a total of 223,470 units valued at N3.409 million transacted last week in 21 deals.
Similarly, a total of 100 units of FGN bond valued at N104,391.66 were executed in 1 deal compared with a total of 426 units valued at N440, 065.32 transacted last week in 2 deals.