By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Friday closed on the downward trend by 3.21 percent (3.21%) for the week ended January 31, 2014.
According to the NSE weekly report for the review period, , all but one (NSE ASeM Index) of the NSE sector indices depreciated during the week. The NSE 30 index depreciated by 3.89% to close at 1,845.56, NSE Consumer Goods by 3.55% to close at 1,051.15, NSE Banking by 6.20% to close at 415.61, NSE Insurance by 2.25% to close at 148.01, NSE Oil/Gas by 11.01% to close at 302.30, NSE Lotus II by 1.95% to close lower at 2,862.76 and the NSE Industrial Goods index by 2.13% to close at 2,613.56.
Similarly, on the downward slope is the market capitalization for the review period depreciating by 3.18% to close the week at 40,571.62 and N13.005 trillion.
In terms of turnover, the Nigerian Bourse in the review week recorded a turnover of 2.221 billion shares worth N21.045 billion in 27,855 deals traded this week by investors compared to a total of 1.758 billion shares valued at N21.024 billion that exchanged hands the previous week in 28,949 deals.
The NSE weekly report affirmed that the Financial Services Industry (measured by volume) led the activity chart with 1.260 billion shares valued at N12.021 billion traded in 14,923 deals; thus contributing 56.72% and 57.12% to the total equity turnover volume and value respectively.
While the Consumer Goods Industry followed with a turnover of 564.895 million shares worth N4.837 billion in 4,199 deals.
In the third place was the Conglomerates Industry with 134.091 million shares worth N799.312 million in 1,548 deals.
According to the NSE’s market update for the week, trading in the top three (3) equities namely, Champion Breweries Plc, FCMB Group Plc, and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 775.929 million shares worth N1.956 billion in 1,563 deals, contributing 34.93% and 9.30% to the total equity turnover volume and value respectively.
A summary of price changes in the week under review, shows that 15 equities appreciated in prices during lower than 44 of the corresponding week.
The NSE weekly update further affirmed that 64 equities depreciated in prices higher than 43 the previous week, while 119 equities remained unchanged higher than 111 in the past week.
