Specifically, the Market Capitalization of listed equities depreciated by 0.08% to close on Friday at N13.714 trillion against N13.724 trillion it opened with while the NSE All-Share Index dropped to 41,532.31 from 41,564.19 basis points thus shedding 0.08 per cent.
Review of activities in the market showed that four of the indices appreciated during the week with the exception of the NSE Consumer Goods Index , NSE Lotus II and NSE Industrial Goods Index which loss 0.23 per cent, 1.39 per cent and 1.51 per cent. The NSE 30 index increased by 5.24 basis points to 1890.50, NSE banking index rose by 9.22 to 428.67 points , NSE Insurance also advanced by 0.38 points to 144.56 points, NSE Oil and Gas index grew by 2.14 points to 480.48 while the NSE ASeM index closed flat at 951.96 .
Meanwhile, turnover of 1.342 billion shares worth N16.086 billion in 22,481 deals were traded by investors in contrast to a total of 1.031 billion shares valued at N12.284 billion that exchanged hands in 22,056 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 868.867 million shares valued at N7.471 billion traded in 10,992 deals; thus contributing 64.76% and 46.45% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 186.353 million shares worth 1.403 billion in 2,041 deals.
The third place was occupied by Consumer Goods Industry with 84.541 million shares worth N4.235 billion in 3,439 deals.
Trading in The Top Three Equities Namely- Access bank Plc, Transnational Corporation of Nigeria Plc and Sterling Bank Plc (measured by volume) accounted for 524.031 million shares worth N3.900 billion in 3,012 deals, contributing 39.06% and 24.25% to the total equity turnover volume and value respectively.
Further review indicated that 28 equities appreciated in prices during the week lower than thirty-four (34) equities of the preceding week. Forty-four (44) equities depreciated in prices higher than forty-two (42) equities of the preceding week, while one hundred and twenty eight (128) equities remained unchanged higher than one hundred and twenty four (124) recorded in the preceding week.
Premier Breweries Plc led gainers table in percentage terms, growing by 31.65 per cent or N0.50 kobo to close at N2.08 kobo, Beta Glass Company (Nigeria) Plc followed with a gain of 10.17 per cent or N1.74 kobo to close at N18.85 kobo, Transnational Corporation of Nigeria Plc 6.64 per cent or N0.38 kobo to close at N6.10 kobo. Other companies that recorded price appreciation were 7-UP Bottling Company 5.69 per cent, United Bank for Africa 5.26 per cent, A.G. Leventis Nigeria Plc 5.0 per cent, Guaranty Trust Bank Plc 4.80 per cent, Portland Paints and Products Nigeria Plc 4.79 per cent, Red Star Express Plc 4.35 per cent and International Energy Insurance Company 4.0 per cent.
On the contrary, Vono Products Plc on the other hand topped losers chart, dropping by 16.00 per cent or N0.20 per cent to close at N1.05 kobo, Neimeth International Pharmaceuticals Plc trailed with a loss of 13.33 per cent or N0.16 kobo to close at N1.04 kobo while Cadbury Nigeria Plc declined by 10.27 per cent or N6.85 kobo to close at N59.85 kobo. Other stocks that recorded price depreciation were May and Baker Nigeria Plc 10.13 per cent, Dangote Flour Mills Plc 6.67 per cent, okomu oil palm company 5.40 per cent, Converton Offshore Support GRP Plc 5.00 per cent, Northern Nigeria Flour Mills Plc 5.00 per cent, Conoil Plc 4.97 per cent and Royal Exchange Assurance Plc 4.92 per cent.
Also traded during the week were a total of 40,845 units of Exchange Traded Products (ETPs) valued at N1,147,958.30 executed in 21 deals compared with a total of 13,804 units valued at N541,755.15 million transacted last week in 21 deal. There were no transactions recorded in debts instrument this week. However, a total of 7,700 units of FGN bonds valued at N8, 663.51 million were transacted last week in 6 deals.
Source: Peoplesdaily
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