How the stock market performed in the last week of 2016

It was a brief trading week on the exchange floor of the Exchange as the Federal Government of Nigeria declared Monday 26th and Tuesday 27th of December, 2016 as Public Holiday to mark the Christmas and Boxing Day celebrations.

Meanwhile, a total turnover of 405.9 million shares worth NGN3.7 billion in 6,363 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.261 billion shares valued at N17.520 billion that exchanged hands last week in 14,861 deals.

The Financial Services Industry led the activity chart with 305.9 million shares valued at NGN2.1 billion traded in 3,445 deals; thus contributing 75.35% and 55.46% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 30.974 million shares worth NGN793.1 million in 1,096 deals. The third place was occupied by Conglomerates Industry with a turnover of 19.701 million shares worth NGN24.7 million in 261 deals.

Trading in the Top Three Equities namely – Omoluabi Savings and Loans Plc, Guaranty Trust Bank Plc and FCMB Group Plc (measured by volume) accounted for 128.546 million shares worth NGN1.222 billion in 715 deals, contributing 31.66% and 32.82% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 9,965 units of Exchange Traded Products (ETPs) valued at NGN56,446.35 executed in 16 deals, compared with a total of 10,170 units valued at NGN123.641.70 transacted last week in 22 deals.

There were no bond transaction last week. However a total of 25,219 units of Federal Government and Corporate Bonds valued at NGN24.458 million were transacted last week in 3 deals.

37 equities appreciated in price during the week, higher than 26 equities equities of the previous week. 21 equities depreciated in price, lower 36 equities of the previous week, while 117 equities remained unchanged higher than 113 equities recorded in the preceding week.

Top 10 companies that gained in the week; National Aviation Handling Company Plc , Law Union & Rock Insurance (Nig.) Plc. , N.E.M Insurance Co.(Nig) Plc , Union Bank Of Nigeria Plc ,Uacn Property Development Co. Plc , University Press Plc , A. G. Leventis (Nigeria) Plc , Nascon Allied Industries Plc , Ashaka Cement plc, Nigerian Breweries plc.

Top 10 price decliners; Forte Oil Plc , Sterling Bank Plc , Portland Paints And Products Nig., Ecobank Transnational Incorporated , Unity Bank , Ekocorp Plc , Beta Glass Company (Nig.) Plc , Juli Plc, Fidelity Bank Plc , Omoluabi Savings And Loan plc.

A total of 39,000,000, 61,000,000 and 8,200,000 units were added to the following bonds: 12.50% FGN JAN 2026, 12.40% FGN MAR 2036 and 14.50% FGN JUL 2021 respectively on the 22nd of December, 2016.