The Nigerian Stock Exchange (NSE) over the seven-day trade continued a bearish run associated to profit taking and cautious trading by investors who await clear direction after the elections period.
Specifically, All-share index (ASI) and market capitalisation depreciated by 2.45 per cent to close the week at 31,142.72 basis points and N11.614 trillion respectively, as Month-to-Date and Year-to-Date returns dip 1.8 per cent and 0.9 per cent.
According to the NSE weekly market update reports that follow the same trend, all other indices on the domestic bourse finished lower with the exception of the NSE Alternative Securities Market (ASeM) and NSE Oil/Gas indices which appreciated by +0.21 percent and +0.09 per cent respectively.
A breakdown of all the other sector indices shows the Banking with a loss of -6.13 per cent led the losers pack, followed closely by the Industrial and Insurance sectors which declined -1.12 percent and -0.79 per cent each, while the Consumer Goods index depreciated by -0.43 per cent.
Over the week under review, a total turnover of 1.113 billion shares worth N13.465 billion in 15,036 deals were traded this week by investors on the floor of the Exchange compared to a total of 1.290 billion shares valued at N13.873 billion that exchanged hands last week in 17,307 deals.
The Financial Services Industry (measured by volume) led the activity chart with 926.286 million shares valued at N9.696 billion traded in 9,906 deals; thus contributing 83.25 per cent and 72.01 per cent to the total equity turnover volume and value respectively.
The ICT Industry followed with 73.076 million shares worth N14.664 million in 35 deals. The third place was Consumer Goods Industry with a turnover of 36.749 million shares worth N2.562 billion in 2,301 deals.
The report indicated that trading in the Top Three Equities namely, FBN Holdings Plc, Zenith Bank Plc and Diamond Bank Plc (measured by volume) accounted for 551.865 million shares worth N6.602 billion in 3,116 deals, contributing 49.60 percent and 49.03 percent to the total equity turnover volume and value respectively.
Mother, daughter fight dirty over boyfriend in Anambra
A summary of price changes in the review week shows that eighteen (18) equities gained in price during the week, lower than twenty-four (24) in the previous week. On the flip-side, forty-five (45) equities lost in price, higher than thirty-seven (37) equities of the previous week, while one hundred and five (105) equities remained unchanged lower than one hundred and seven (107) equities recorded in the preceding week.
Also traded during the week were a total of 10,598 units of Exchange Traded Products (ETPs) valued at N1.355 million executed in 5 deals compared with a total of 2,971 units valued at N766,883.30 that was transacted last week in 7 deals.
A total of 201units of Federal Government Bonds valued at N205,083.12 were traded this week in 2 deals compared with a total of 15,496 units valued at N15.750 million transacted last week in 12 deals.
and then