By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian equities market ended the week lower as the NSE all-share index (ASI) and market capitalisation dipped by 1.13 percent to close at 25,694.79 points and N8.839 trillion respectively.
“Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index and the NSE Consumer Goods Index that increased by 0.89 percent and 0.78 percent respectively,” the Nigerian Stock Exchange weekly market report affirmed.
According to the NSE’s report, at close of the week’s session, a turnover of 11.907 billion shares worth N18.338 billion in 19,508 deals were traded by investors on the floor of the domestic bourse compared to a total of 1.111 billion shares valued at N7.448 billion that exchanged hands last week in 15,562 deals.
The NSE reported that the Financial Services Industry measured by volume led the activity chart with 11.692 billion shares valued at N14.734 billion traded in 13,094 deals; thus contributing 98.20 percent and 80.35 percent to the total equity turnover volume and value respectively.
Following inline is Conglomerates Industry with 71.891 million shares worth N175.603 million in 777 deals, while the third position was occupied by the Consumer Goods Industry with a turnover of 69.718 million shares worth N1.179 billion in 3,019 deals.
The NSE’s weekly update disclosed that trading in top three (3) equities which include mid-tier lender, Wema Bank Plc, insurer, Unity Kapital Assurance Plc and one of Nigeria’s top rated Banks, Zenith Bank Plc measured by volume accounted for 11.006 billion shares worth N11.274 billion in 2,856 deals, contributing 92.43 percent and 61.48 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 294,047 units of Exchange Traded Products (ETPs) valued at N3.209 million executed in 42 deals, compared with a total of 72,054 units valued at N637,635.25 transacted last week in 26 deals.
In terms of bonds, the NSE says a total of 12,470 units of Federal Government Bonds valued at N14.348 million were traded in 8 deals this week. “However, there were no transactions recorded on bonds last week,” the report noted.
A summary of price changes in the week under review shows that 20 equities gained in price during the week, lower than 39 declared the past week. On the flipside, 41 equities lost in price, higher than 22 posted the previous week, while 128 equities remained unchanged same as last week.
Click here to view NSE Weekly Stock Market Report for the Period Ended March 18, 2016
