By InvestAdvocate
Lagos (INVESTADVOCATE) –The Nigerian Stock Exchange (NSE) all-share Index (ASI) and market capitalisation dipped by 4.39 percent to close the week at 29,305.40 basis points and N10.065 trillion respectively.
“Similarly, all other indices finished lower during the week, with the exception of the NSE ASeM index that closed higher,” the NSE weekly stock market report affirmed.
At the close of the week’s session on the Nigerian Equities Market, a turnover of 1.469 billion shares worth N17.065 billion in 21,246 deals were traded by investors compared to a total of 2.387 billion shares valued at N26.381 billion that exchanged hands last week in 28,072 deals.
The NSE reports that the Financial Services Industry measured by volume led the activity chart with 1.169 billion shares valued at N10.241 billion traded in 12,697 deals; thus contributing 79.59 percent and 60.01 percent to the total equity turnover volume and value respectively.
It added the Conglomerates Industry followed with 133.613 million shares worth N300.892 million in 1,081 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 110.745 million shares worth N4.904 billion in 3,495 deals.
According to the NSE, trading in the shares of Nigeria’s tier one lender, Guaranty Trust Bank Plc, financial HoldCo, FBN Holdings Plc and Nigeria’s top conglomerate, Transnational Corporation of Nigeria Plc measured by volume accounted for 523.549 million shares worth N6.539 billion in 5,223 deals, contributing 35.65 percent and 38.32 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 12,695 units of Exchange Traded Products (ETPs) valued at N174,028.05 executed in 35 deals, compared with a total of 121,501 units valued at N90.716 million transacted last week in 34 deals. The NSE update affirmed.
In terms of Bonds, a total of 2,979 units of Federal Government Bonds valued at N2.908 million were traded in 5 deals compared to a total of 9,439 units of Federal Government Bonds valued at N10.429 million transacted last week in 7 deals.
A summary of price changes in the review week shows that 22 equities gained in price, lower than 40 recorded the past week. On the flipside, 52 equities lost in price, higher than 32 posted the previous week, while 106 equities remained unchanged lower than 108 declared last week, the NSE report said.
Click here to view NSE Weekly Stock Market Report for the Period Ended July 1, 2016
