By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday ended a two-day trading session as all-share index (ASI) and market capitalisation dipped 1.54 percent to close the week at 28,854.98 basis points and N9.910 trillion respectively.
“Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index that closed flat,” according to the NSE’s weekly stock market report for the period ended July 8, 2016.
This is coming on the heels of a three-day public holidays declared by the Federal Government to end of the Holy Month of Ramadan and Id-el-Fitr celebrations.
At the close of the week’s session, the Nigerian bourse recorded a turnover of 377.798 million shares worth N3.641 billion in 7,466 deals traded by investors on compared to a total of 1.469 billion shares valued at N17.065 billion that exchanged hands last week in 21,246 deals.
The report says the Financial Services Industry measured by volume led the activity chart with 305.334 million shares valued at N2.011 billion traded in 4,260 deals; thus contributing 80.82 percent and 55.23 percent to the total equity turnover volume and value respectively.
According to the NSE, the Oil & Gas index followed with 32.753 million shares worth N341.230 million in 1,029 deals. While the third position was occupied by the Consumer Goods Industry with a turnover of 16.258 million shares worth N635.951 million in 1,179 deals.
It affirmed that trading in the shares of financial HoldCo, FBN Holdings Plc, Nigeria’s top tier lenders, Guaranty Trust Bank Plc and Access Bank Plc measured by volume accounted for 122.347 million shares worth N1.291 billion in 1,477 deals, contributing 32.38 percent and 35.47 percent to the total equity turnover volume and value respectively.
In terms of Exchange Traded Products (ETPs), a total of 35 units of Exchange Traded Products (ETPs) valued at N374.00 executed in 7 deals were traded in the review week compared to a total of 12,695 units valued at N174,028.05 transacted last week in 35 deals.
On Bonds, a total of 13,767 units of Federal Government Bonds valued at N14.356 million were traded in 5 deals compared to a total of 2,979 units of Federal Government Bonds valued at N2.908 million transacted last week also in 5 deals.
A summary of price changes in the review period shows that (9) equities gained in price during the week, lower than 22 reported the past week. On the flipside, 48 equities lost in price, lower than 52 recorded the previous week, while 123 equities remained unchanged higher than 106 posted in the preceding week.
Click here to download NSE Stock Market report for the week ended July 8, 2016
