By InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian equities market ended the week on a negative note as all-share index (ASI) and market capitalisation climbed down by 0.83 percent and 0.80 percent to close the week at  24,228.79 basis points and N8.336 trillion respectively, according to the Nigerian Stock Exchange (NSE) weekly stock market report.

Similarly, the report said all other Indices finished higher during the week, with the exception of NSE Premium Index, NSE 30 Index, NSE Banking Index, NSE Insurance Index and NSE Pension Index that depreciated by 0.83 percent, 3.01 percent, 0.35 percent, 2.45 percent, 1.25 percent and 1.25 percent respectively.

At the close of the week’s trading on the Nigerian bourse, the NSE update affirmed that a turnover of 4.476 billion shares worth N11.742 billion in 14,124 deals were traded this week by investors compared to a total of 1.202 billion shares valued at N9.641 billion that exchanged hands last week in 13,712 deals.

It reported that the Consumer Goods Industry measured by volume led the activity chart with 3.331 billion shares valued at N5.695 billion traded in 2,511 deals; thus contributing 74.42 percent and 48.50 percent to the total equity turnover volume and value respectively. The Financial Services Industry followed with 1.008 billion shares worth N3.752 billion in 8,730 deals. The third place was occupied by the Oil and Gas Industry with a turnover of 55.332 million shares worth N416.383 million in 1,024 deals.

According to the NSE, trading in the shares of Fast Moving Consumer Goods (FMCG) firm, Tiger Branded  Consumer Goods Plc, financial HoldCos, FCMB Group Plc and FBN Holdings Plc measured by volume accounted for 3.736 billion  shares worth N4.872 billion in 2,443 deals, contributing 83.47 percent and 41.49 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 14,844 units of Exchange Traded Products (ETPs) valued at N14.134 million executed in 29 deals, compared with a total of 93,518 units valued at N1.158million transacted last week in  48  deals.

In terms of bond, the NSE reported that a total of 4,990 units of Federal Government Bonds valued at N5.799 million were traded in 2 deals compared  to a total of 150,000 units of Federal Government Bonds  valued at N169.326 million  transacted last week in 2 deals.

In terms of price changes, 21 equities appreciated in price during the week, lower than 22 recorded the past week. On the contrary, 35 equities depreciated in price, lower than 37 reported the previous week, while 134 equities remained unchanged, 131 recorded in the previous week.

Click to view NSE’s Weekly Stock Market Report for the period ended February 26, 2016

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By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Friday closed the week as the second best performing index globally with a 35 percent (35%) Year-to-Date (YTD) performance despite the Tuesday’s holiday declared by the Federal Government.

According to the Afrinvest weekly update on the global equity market update, the US, UK, Europe and Asia all shed a few points  (W-o-W) as the realities of a partial US government shutdown unfolds.

The Nikkei 225 recorded the biggest loss with a loss 5.0% W-o-W, followed by an average 0.8% loss in the FTSE All Share Index and S&P 500.

The Nigerian market was upbeat to close the week as the ASI recorded and increase of 134 bps.

According to the NSE’s stock market report for the review period, ASI rose by 1.34% to close on Friday at 36,925.82. While the NSE 30 Index inched up by 1.44% to close at 1,732.87.

Other NSE indices appreciated during the week with the exception of two. NSE Consumer Goods, NSE Banking, NSE Insurance and NSE Oil/Gas inched up by 2.59%, 1.87%, 0.48%, and 1.32% respectively. However, NSE Lotus II and NSE Industrial Goods slipped by 0.18% and 0.03% respectively.

A summary of price movement of equities at the Nigerian Bourse shows that 49 equities appreciated in prices during the week higher than 43 of the preceding week.

24 equities depreciated in prices lower than 32 in the corresponding week, while 124 equities remained unchanged higher than 119 equities of the previous week.

However, the Nigerian Bourse recorded a turnover of 1.625 billion shares worth N15.372 billion in 15,935 deals traded in the review week by investors compared to a total of 1.391 billion shares valued at N11.722 billion that exchanged hands last week in 22,314 deals.

Reports from the NSE shows that the Financial Services sector (measured by volume) led the activity chart with 1.110 billion shares valued at N9.747 billion traded in 8,465 deals; thus contributing 68.28%, 63.41% and 53.12% to the total equity turnover volume, value and number of deals respectively.

While, the Conglomerates sector followed with a turnover of 379.453 million shares worth N935.749 million in 1,173 deals, contributing 23.35%, 6.09% and 7.36% to the total equity turnover volume, value and number of deals respectively. The Consumer Goods sector came third with 53.060 million shares worth N2.890 billion in 2,940 deals.

The NSE reports that trading in the top three (3) equities namely Transnational Corporation of Nigeria Plc, Zenith Bank Plc UBA Plc (measured by volume) accounted for 662.364 million shares worth N4.935 billion in 2,556 deals, contributing 40.76%, 32.10% and 16.04% to the total equity turnover volume, value and deals respectively.

On the Over-the-Counter (OTC) market for FGN bonds, a turnover of 111.010 million units valued at N121.425 billion in 700 deals were recorded in the review week compared to 131.511 million units worth N138.670 billion in 733 deals recorded in the previous week ended September 27, 2013.

Click here to download NSE’s weekly report

Click here to download Afrinvest weekly update

Click to download Investment One’s Financial Marlets Update

Click to download Investment One’s Financial Marlets Update

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Equity trading activities on the floor of the Nigerian Stock Exchange closed negative on Tuesday with the market capitalisation of the listed equities, shedding N71bn for the second consecutive day.

The market capitalisation of the listed equities had depreciated by N71bn or 0.59 per cent on Monday to close at N11.975tn, down from an opening of N12.046. On Tuesday it fell by the same rate to close at N11.904tn.

Similarly, the NSE’s All-Share Index dropped by 0.59 per cent or 223.83 basis points from 37,813.43 Monday’s close to 37,589.60 points.

The NSE-30 Index was down by 0.76 per cent to close at 1,760.40 basis points, from 1,774.04 points recorded the previous day.

The NSE’s Consumer Goods Index dropped by 1.1 per cent to close at 1,061.45 basis points, while the banking index lost 0.4 per cent or 1.86 basis points to close at 407.31 points.

The banking sub-sector maintained its lead on the activity chart, accounting for 55.97 per cent of total turnover traded.

In the sub-sector, 211.902 million shares, valued at N756m were exchanged by investors in 1,161 transactions.

Trading in the shares of Sterling Bank Plc, Zenith Bank Plc, Guaranty Trust Bank Plc, Diamond Bank Plc drove volume in the sub-sector.

Other companies that recorded high turnover in the sub-sector included United Bank for Africa and Fidelity Bank Plc.

A total of 19 stocks recorded price appreciation, while 38 stocks recorded price depreciation.

Paints and Coatings Manufacturers Plc led the price gainers’ chart, rising by 10 per cent or 17 kobo to close at N1.87 per share. Champion Breweries Plc followed closely on the chart, also rising by 10 per cent or N1.61 to close at N17.71 per share.

Jos International Breweries Plc and Evans Medical Plc gained 9.88 per cent and 9.72 per cent to close at 89 kobo and N4.47 per share respectively, while Trans-nationwide Express Plc added 9.59 per cent or seven kobo to close at 80 kobo.

Cutix Plc led the price losers, shedding 9.95 per cent or 22 kobo to close at N1.99 per share.

Custodian and Allied Insurance Plc and UACN Plc shed 9.94 per cent and 9.84 per cent to close at N1.45 and N55 per share, respectively, while IPWA Plc and Vono Products Plc fell by 9.52 per cent each to close at 95 kobo and 55 kobo in that order.

Source: Punch (by Simon Ejembi)

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