By InvestAdvocate
Lagos (INVESTADVOCATE)- The Nigerian Equities Market on Friday closed the session lower as the NSE all-share index (ASI) and market capitalisation dipped by 0.17 percent to 28,805.45 and N9.893 trillion respectively.
“Similarly, all other Indices finished lower during the week, with the exception of the NSE Premium Index, NSE 30 Index, NSE Consumer Goods Index and the NSE Industrial Goods Index that gained 0.11 percent, 0.17 percent, 0.95 percent and 1.46 percent respectively. Mainwhile the NSE ASeM Index closed flat,” according to the weekly stock market report from the Nigerian bourse.
This is coming on the heels of broad-based selloffs as sentiments remained dampened on the nation’s bourse.
At the close of the week’s business on the NSE, a turnover of 1.149 billion shares worth N13.616 billion in 21,868 deals were traded by investors compared to a total of 377.798 million shares valued at N3.641 billion that exchanged hands last week in 7,466 deals.
The NSE report affirmed that the Financial Services Industry (measured by volume) led the activity chart with 868.827 million shares valued at N6.110 billion traded in 13,046 deals; thus contributing 75.59 percent and 44.87 percent to the total equity turnover volume and value respectively.
The update says the Conglomerates Industry followed with 103.304 million shares worth N272.848 million in 1,111 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 66.743 million shares worth N3.501 billion in 3,368 deals.
According to the NSE, 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 353.999 million shares worth N3.867 billion in 4,188 deals, contributing 30.80 percent and 28.40 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 941 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 22 deals, compared with a total of 35 units valued at N374.00 transacted last week in 7 deals, the NSE reports.
In terms of Bonds, a total of 44,381 units of Federal Government Bonds valued at N44.679 million were traded in 5 deals compared to a total of 13,767 units of Federal Government Bonds valued at N14.356 million transacted last week in 5 deals.
Summary of price changes at the close of the week’s trading on the local bourse shows that 22 equities gained in price, higher than nine (9) posted the past week. On the flipside, 38 equities lost in price, lower than 48 declared last week; while120 equities remained unchanged lower than 123 recorded in the preceding week.
