Oscar Onyema, CEO of the Nigerian Stock Exchange (NSE).
By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Stocks on Friday closed the last trading week for the year, and sustained the positive momentum experienced thus far in December.
The Nigerian Stock Exchange (NSE) all-share index (ASI) and market capitalisation appreciated by 1.47 percent to close the week at 26,874.62 and N9.247 trillion respectively.
“Today’s positive performance increased the Month-to-Date gain to 6.00 percent, while it reduced the 2016FY loss to 6.37 percent, Cordros daily market update affirmed.
Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM, NSE Oil/Gas and NSE Industrial Goods indices that depreciated by 2.35 percent, 1.47 percent and 0.15 percent respectively, according to the weekly stock market report from the NSE.
At the close of the brief trading week as the Federal Government of Nigeria declared Monday 26th and Tuesday 27th of December, 2016 as Public Holiday to mark the Christmas and Boxing Day celebrations, the NSE reports a total turnover of 405.939 million shares worth N3.724 billion in 6,363 deals traded this week by investors compared to a total of 1.261 billion shares valued at N17.520 billion that exchanged hands last week in 14,861 deals.
According to the NSE’s report, the Financial Services Industry measured by volume led the activity chart with 305.885 million shares valued at N2.066 billion traded in 3,445 deals; thus contributing 75.35 percent and 55.46 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 30.974 million shares worth N793.114 million in 1,096 deals. The third place was occupied by Conglomerates Industry with a turnover of 19.701 million shares worth N24.689 million in 261 deals.
Trading in the Top Three Equities namely – Omoluabi Savings and Loans Plc, Guaranty Trust Bank Plc and FCMB Group Plc measured by volume accounted for 128.546 million shares worth N1.222 billion in 715 deals, contributing 31.66 percent and 32.82 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 9,965 units of Exchange Traded Products (ETPs) valued at N56,446.35 executed in 16 deals, compared with a total of 10,170 units valued at N123.641.70 transacted last week in 22 deals.
The NSE reports that there was no bond transaction this week. However a total of 25,219 units of Federal Government and Corporate Bonds valued at N24.458 million were transacted last week in 3 deals.
A summary of price changes in the review week shows that 37 equities appreciated in price during the week, higher than 26 recorded the past week. On the flipside, 21 equities depreciated in price; lower than 36 last week, while 117 equities remained unchanged higher than 113 equities recorded in the preceding week.
Click here to download NSE’s weekly stock market report for the period ended December 30, 2016
