By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)- The Nigerian stock exchange (NSE) all-share index (ASI) rose by 0.50 percent (0.50%) at 40,773.50 points for the week ended Friday February 07, 2014 according to the NSE’s weekly stock market report.
Similarly, four (4) of the NSE sector indices appreciated during the week. The NSE 30 inched up by 0.03% to close at 1,846.15, NSE Insurance by 2.32% to close at 151.44, NSE Oil/Gas by 7.00% to close at 323.45, NSE Lotus II by 0.93% to close at 2,889.44.
However, the report says the NSE Consumer Goods index depreciated by 0.35% to close at 1,047.46, NSE Banking index edged lower by 1.64% to close at 408.78; the NSE Industrial Goods index sheds 0.38% to close at 2,603.66 while the NSE-ASeM closed flat.
In the same vein, market capitalisation at the Nigerian bourse went up by 0.50% to close the week at N13.070 trillion.
According to InvestmentOne research, there were more bears than bulls in the market this week, WtD return stood at 0.50% firmly ahead of the 3.21% decline recorded last week.
Activity wise, the NSE reported a turnover of 1.591 billion shares worth N23.079 billion in 26,257 deals traded this week by investors on its bourse compared to a total of 2.221 billion shares valued at N21.045 billion that exchanged hands last week in 27,855 deals.
This indicates that turnover soared 17.5% to N3.18 billion and volume traded grew at 4.3%to 273.13 million units over the trading day. ‘’Relative to the previous weekhowever, average volume traded dipped 6.9% to 318.1 million while value oftrades climbed 14.8% to N4.62 billion,’’ InvestmentOne research said.
Still in terms of turnover, the NSE weekly stock market report affirmed that the financial services industry (measured by volume) led the activity chart with 1.116 billion shares valued at N10.718 billion traded in 13,044 deals; thus contributing 70.13% and 46.44% to the total equity turnover volume and value respectively.
‘’The Conglomerates Industry followed with a turnover of 175.543 million shares worth N1.042 billion in 1,954 deals. The third place was occupied by the Oil and Gas Industry with 97.145 million shares worth N2.499 million in 3,441 deals,’’ the NSE weekly stock market report said.
The report further affirmed that trading in the top three (3) equities namely, Zenith Bank Nigeria Plc, Transnational Corporation of Nigeria Plc and Universal Insurance Plc (measured by volume) accounted for 495.494 million shares worth N4.997 billion in 3,159 deals, contributing 31.15% and 21.65% to the total equity turnover volume and value respectively.
For summary of price changes, the NSE reported that 46 equities appreciated in prices during the week higher than 15 of the previous week. 39 equities depreciated in prices lower than 64 the corresponding week, while 113 equities remained unchanged lower than 119 equities in the past week.
