By InvestAdvocate
Click here to download NSE’s Stock Market Report for March 24, 2017
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Friday ended the week in a loss as the all-share index (ASI) and market capitalisation depreciated by 0.77 percent and 0.80 percent apiece to close at 25,454.93 and N8.807 trillion respectively.
“Similarly, all other Indices finished lower during the week with the exception of the NSE Lotus and NSE Industrial Goods Indices that appreciated by 0.35 percent and 5.14 percent; while the ASEM Index closed flat, according to The Exchange in its weekly stock market report.
The NSE reports at the close the week’s trading, a total turnover of 1.309 billion shares worth N10.323 billion in 13,042 deals were traded by investors on the floor of the domestic bourse compared to a total of 1.029 billion shares valued at N7.980 billion that exchanged hands last week in 13,441 deals.
The report says the Financial Services Industry measured by volume led the activity chart with 1.139 billion shares valued at N6.028 billion traded in 7,518 deals; thus contributing 87.01 percent and 58.39 percent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 71.209 million shares worth N2.306 billion in 2,261 deals. The third place was occupied by Services Industry with a turnover of 29.390 million shares worth N24.594 million in 258 deals.
Trading in the Top Three Equities namely – Continental Reinsurance Plc, Custodian And Allied Insurance Plc and FBN Holdings Plc measured by volume accounted for 565.746 million shares worth N1.450 billion in 914 deals, contributing 43.22 percent and 14.04 percent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 11,585 units of Exchange Traded Products (ETPs) valued at N144,678.50 executed in 5 deals compared with a total of 20 units valued at N90.90 transacted last week in 2 deals.
A total of 18,144 units of Federal Government Bonds valued at N17.555 million were traded this week in 12 deals, compared with a total of 8,390 units valued at N8.203 million transacted last week in 4 deals.
A summary of price changes in the review week shows that 16 equities appreciated in price, lower than 31 posted the past week. On the flipside, 35 equities depreciated in price, higher than 22 recorded the previous week, while 126 equities remained unchanged higher than 124 recorded in the preceding week.
