Trading at the Nigeria’s equities market began on a negative note earlier in the week, before paring shedding off earlier losses as the week progressed, following compelling valuations which had presented exceptional opportunity.
The Financial Services Industry continues to maintain its lead on the trading chart at the Nigerian Stock Exchange (NSE) as it records a total of 1.257 billion shares valued at N12.127 billion traded in 10,760 transactions during the week.
This accounts for 71% and 79.5% of the total volume and value respectively.
The Conglomerates Industry followed with 226.767 million shares worth N288.198 million in 864 deals. The third place was ICT Industry with a turnover of 184.641 million shares worth N76.618 million in 274 deals.
Trading in the Top Three Equities namely, Sterling Bank Plc, Transnational Corporation of Nigeria and Guaranty Trust Plc (measured by volume) accounted for 648.906 million shares worth N5.831 billion in 2,293 transactions.
This accounts for 36.65% and 38.20% to the total equity turnover volume and value respectively.
In total, a turnover of 1.770 billion shares worth N15.264 billion in 17,015 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.544 billion shares valued at N20.264 billion that exchanged hands last week in 19,130 deals.
A total of 787,527 units of Federal Government Bonds valued at N795 million were traded this week in 26 deals compared with a total of 18,042 units valued at N19.685 million transacted last week in 24 deals.
The All-Share Index and Market Capitalization depreciated by 0.19% to close the week at 29,560.47 and N11.103 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE CG, NSE Premium, NSE AFR Bank Value, NSE AFR Div Yield, NSE Oil/Gas and NSE Pension Indices that appreciated by 0.54%, 0.87%, 1.48%, 0.90%, 0.34% and 0.73% respectively. (See summary of Index movements in the table below):
Meanwhile, thirty-five (35) equities appreciated in price during the week, higher than fourteen (14) in the previous week.
Also, thirty-one (31) equities depreciated in price, lower than fifty-five (55) equities of the previous week, while one hundred and one (101) equities remained unchanged, higher than ninety-eight (98) equities recorded in the preceding week.
