By InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) closed negative for the first time in the last four weeks. The all-share index (ASI) declined by 0.91 percent to close at 26,486.02 points.
In what was a majorly bearish week, equities started poorly; shedding 0.45 percent in Monday’s session. Similarly, all other Indices finished lower during the week with the exception of the NSE Premium and NSE Industrial Goods Indices that rose by 1.91 percent and 3.21 percent respectively while the NSE ASeM Index closed flat.
The NSE weekly stock market report said a turnover of 1.261 billion shares worth N17.520 billion in 14,861 deals were traded this week by investors on the domestic bourse compared to a total of 1.656 billion shares valued at N12.580 billion that exchanged hands last week in 12,860 deals.
According to the report, the Financial Services Industry measured by volume led the activity chart with 798.128 million shares valued at N4.319 billion traded in 9,115 deals; thus contributing 63.31 percent and 24.33 percent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 222.511 million shares worth N4.379 billion in 2,022 deals. The third place was occupied by the Oil and Gas Industry with a turnover of 89.061 million shares worth N7.862 billion in 1,937 deals.
The NSE weekly update affirmed that trading in the Top Three Equities namely – United Bank For Africa Plc, Mutual Benefits Assurance Plc and Diamond Bank Plc measured by volume accounted for 358.709 million shares worth N960.482 million in 870 deals, contributing 28.46 percent and 5.41 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 10,170 units of Exchange Traded Products (ETPs) valued at N123.641.70 executed in 22 deals, compared with a total of 2.439 units valued at N18.276 million transacted last week in 15 deals.
A total of 25,219 units of Federal Government and Corporate Bonds valued at N24.458 million were traded this week in 3 deals, compared with a total of 411 units valued at N428, 995.77 transacted last week in 1 deal.
A summary of price changes in the review week shows that 26 equities gained in price during the week, lower than 40 recorded that past week. On the flipside, 36 equities lost in price, higher than 19 declared last week, while 113 equities remained unchanged lower than 116 recorded in the preceding week.
Click here to download NSE’s Stock Market Report for December 23, 2016
