Transaction on the floor of the Nigeria Stock Exchange (NSE) last week ended on bearish trend following a heavy investment loses on equities listed therein.
Specifically, the Market Capitalization of listed equities depreciated by 1.92% to close on Friday at N11.903 trillion from N12.135 trillion it opened with while NSE All-Share Index also dipped by 2.23% to close at 34,930.02 basis point from 35,728.12 basis points recorded the previous week.
Similarly, all the Indices finished lower during the week with the exception of the NSE Consumer Goods and NSE Lotus II indices that chalked up by 1.04 per cent and 0.34 per cent respectively. However, the NSE ASeM Index that closed flat at 1,214.94.
The NSE 30 index fell by 41.62 basis points to 1,605.16, NSE Banking index dropped by 26.49 to 397.84 points, NSE Insurance index declined by 2.95 to 145.47 points, NSE Oil /Gas index dropped by 26.60 basis points to 407.60, NSE Industrial goods index decreased by 41.76 to 2,108.86.
Meanwhile, it was another brief trading week as the market opened for four days, having observed Monday 6th of April, 2015 as Public Holiday declared by the Federal Government of Nigeria to mark “Easter” celebrations.
Review of activity in the market showed that a turnover of 3.511 billion shares worth N25.196 billion in 26,836 deals were traded by investors on the floor in contrast to a total of 2.632 billion shares valued at N36.583 billion that exchanged hands in 21,393 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 3.000 billion shares valued at N18.262 billion traded in 16,356 deals; thus contributing 85.44% and 72.48% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 259.080 million shares worth N1.120 billion in 1,650 deals. The third place was occupied by the Consumer Goods Industry with 89.843 million shares worth N3.103 billion in 3,768 deals.
Trading in the Top Three Equities namely- Diamond Bank Plc, Standard Alliance Insurance Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 1.773 billion shares worth N4.964 billion in 1,589 deals, contributing 50.49% and 19.70% to the total equity turnover volume and value respectively
Twenty-five (25) equities appreciated in price during the week, lower than seventy-two (72) equities of the preceding week. Fifty-three (53) equities depreciated in price, higher than six (6) equities of the preceding week, while one hundred and eighteen (118) equities remained unchanged, the same with the preceding week.
A breakdown of the trading activity showed that Costain (West Africa) Plc led gainers table for the week growing by 34.29 per cent or N0.24 kobo to close at N0.94 kobo, Neimeth International Pharmaceuticals Plc followed with a gain of 19.18 per cent or N0.14 kobo to close at N0.87 kobo while Learn Africa Plc gained 18.90 per cent or N0.24 kobo to close at N1.51 kobo. Other companies that appreciated in price were Dangote Flour Mills Plc 14.75 per cent 14.75 per cent, Airline Services and Longistics Plc 14.71 per cent, FCMB Group Plc 13.52 per cent, Nestle Foods Nigeria Plc 11.47 per cent, Glaxo Smithkline Consumer Nigeria Plc 10.23 per cent, Beta Glass Company Nigeria Plc 10.22 per cent and A.G Leventis Nigeria Plc 9.68 per cent.
Wema Bank Plc topped losers chart, dropping by 14.14 per cent or N0.16 per cent to close at N0.95 kobo, International Breweries Plc fell by 14.08 per cent or N3.22 kobo to close at N19.65 kobo while Selat Petroleum Development Company Ltd declined by 12.50 per cent or N55.49 kobo to close at N388.50 kobo.
Other companies that recorded price depreciation were Guaranty Trust Bank 12.14 per cent, Caverton Offshore Support GRP 12.12 per cent, Transnational Corporation of Nigeria Plc 11.42 pe cent, N.E.M Insurance Company Nigeria 10.67 per cent, Ashaka Cement Plc 9.71 per cent, Mobil Oil Nigeria Plc 9.71 per cent and National Aviation Handling Company Plc 9.19 per cent
Also traded during the week were a total of 25,721 units of Exchange Traded Products (ETPs) valued at N1.838 million executed in 23 deals compared with a total of 27,730 units valued at N533,087.50 thousands transacted last week in 22 deals.
There was no bond traded this week. However, a total of 16,500 units of Bonds (Corporate bond 12,000 units and State bond 4,500 units) valued at N17.370 million were traded last week in 6 deals.