Equities trading on the Nigerian Bourse took decline this week on the backdrop of profit taking recorded across various sectors.
The NSE All-Share Index and Market Capitalisation depreciated by 0.28 per cent and 0.27 per cent to close the week at 28,113.38 and N9.719 trillion respectively, as all other Indices finished lower during the week with the exception the NSE Premium, NSE Main Board, NSE Banking, NSE Insurance and the NSE Pension indices that appreciated by 3.05 per cent, 0.23 per cent, 0.38 per cent and 0.97 per cent, while the NSE ASeM Index closed flat.
Top Traded Equities by volume were Access Bank Plc, Zenith International Bank Plc, and FBN Holdings Plc. They accounted for 998.849 million shares worth N10.412 billion in 4,831 deals and contributed 43.98 per cent and 31.89 per cent to the total equity turnover volume and value traded during the week.
A total turnover of 2.271 billion shares worth N32.647 billion in 20,710 deals was traded this week by investors on the floor of the Exchange in contrast to a total of 3.255 billion shares valued at N28.738 billion that exchanged hands last week in 25,370 deals.
The Financial Services Industry led the activity chart by volume with 1.843 billion shares valued at N17.715 billion traded in 12,119 deals; thus contributing 81.19 per cent and 54.26 per cent to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 119.755 million shares worth N5.198 billion in 2,599 deals. The third place was occupied by Conglomerates Industry with a turnover of 119.281 million shares worth N273.785 million in 1,109 deals.
Also traded during the week were a total of 1,470 units of Exchange Traded Products (ETPs) valued at N10,128.30 executed in 2 deals compared with a total of 948 units valued at N16,591.16 transacted last week in 14 deals
A total of 6,308 units of Federal Government Bonds valued at N5.481 million were traded this week in three deals, compared with a total of 5,201 units valued at N5.400 million transacted last week in three deals.
May & Baker led the week’s thirty price advancing equities, which were lower than fifty-seven equities of the previous week, while Newrest (Air service) topped thirty-one equities that depreciated in price, higher than thirteen depreciating equities of the previous week.
One hundred and twelve equities remained unchanged, higher than one hundred and three equities recorded in the preceding week.
and then