By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday closed the week on a negative note and declining 1.04 percent to extend Year-to-Date (Y-t-D) loss to 14.70 percent.
At the end of the week’s trading on the domestic bourse, all-share index (ASI) and market capitalisation depreciated by 1.04 percent to close at 24,432.51 basis points and N8.403 trillion respectively.
In the same vein, according to the NSE’s weekly stock market report, all other Indices finished lower during the week, with the exception of the NSE Main Board Index, NSE Banking Index, NSE Consumer Goods Index and NSE Oil and Gas which that appreciated by 0.95 percent, 0.04 percent, 0.21 percent and 3.30 percent respectively, while the NSE ASeM index closed flat.
To end the week on the Nigerian equities market, a turnover of 1.202 billion shares worth N9.641 billion in 13,712 deals were traded by investors compared to a total of 1.407 billion shares valued at N17.277 billion that exchanged hands last week in 14,914 deals.
The NSE report says the Financial Services Industry measured by volume led the activity chart with 1.005 billion shares valued at N6.471 billion traded in 8,313 deals; thus contributing 83.66 percent and 67.12 percent to the total equity turnover volume and value respectively.
This was followed by the Consumer Goods Industry with 54.333 million shares worth N2.114 billion in 2,365 deals. In the third position was the Conglomerates Industry with a turnover of 45.977 million shares worth N184.205 million in 518 deals.
The report says trading in the shares of Nigeria’s top tier lenders, Zenith International Bank Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc measured by volume accounted for 500.360 million shares worth N5.449 billion in 4,011 deals, contributing 41.63 percent and 56.52 percent to the total equity turnover volume and value respectively.
In terms of Exchange Traded Products (ETPs) in the review week, the NSE reported a total of 93,518 units of ETPs were traded and valued at N1.158 million executed in 48 deals compared with a total of 115,641 units valued at N1.285 million transacted last week in 28 deals.
For bonds, a total of 150,000 units of Federal Government Bonds valued at N169.326 million were traded in 2 deals compared to a total of 39,340 units of both State (1) and Federal Government Bonds (2) valued at N44.246 million transacted last week in 3 deals.
A summary of price changes in the review week shows that 22 equities appreciated in price during the week, lower than 26 of the past week. On the contrary, 37 equities depreciated in price, higher than 30 of the previous week, while 131 equities remained unchanged, lower than 134 traded last week.
Click to view NSE’s Weekly Stock Market Report for the period ended February 19, 2016
