September 15, 2017
By InvestAdvocate
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Lagos (INVESTADVOCATE)-The Nigerian equities market on Friday closed in negative territory as the Nigerian Stock Exchange all-share index (ASI) and market capitalisation declined by 2.65 percent and 2.63 percent to close the week at 35,005.57 and N12.068 trillion respectively.
“Similarly, all other Indices finished lower during the week with the exception of NSE Oil/Gas index that rose by 0.17 percent,” according to the NSE’s weekly stock market report.
The report says at the close of the trading week, a total turnover of 896.618 million shares worth N15.368 billion in 17,048 deals were traded this week by investors on the floor of the domestic bourse compared to a total of 887.024 million shares valued at N17.450 billion that exchanged hands last week in 16,955 deals.
The Financial Services Industry measured by volume led the activity chart with 708.046 million shares valued at N7.793 billion traded in 9,164 deals; thus contributing 78.97 percent and 50.71 percent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 56.502 million shares worth N5.509 billion in 3,414 deals. The third place was occupied by Conglomerates Industry with a turnover of 32.439 million shares worth N106.687 million in 744 deals.
The NSE reports that trading in the Top Three Equities namely – Diamond Bank Plc, Zenith International Bank Plc, Guaranty Trust Bank Plc, measured by volume value accounted for 336.181 million shares worth N5.680 billion in 2,936 deals, contributing 37.49% and 36.96% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 1,265 units of Exchange Traded Products (ETPs) valued at N145,720.20 executed in 8 deals compared with a total of 3,000 units valued at N31,590.00 transacted last week in 1 deal.
A total of 5,290 units of Federal Government Bonds valued at N5.030 million were traded this week in 15 deals, compared with a total of 8,535 units valued at N8.660 million transacted last week in 11 deals.
A summary of price changes in the review week shows that 23 equities gained in price during the week lower that 28 posted the past week. On the flip-side, 45 equities depreciated in price, higher than 38 reported last week, while 104 equities remained unchanged lower than 105 recorded in the preceding week.
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