How the stock market performed this week

Sovereign Wealth Fund

There was a total turnover of 1.117 billion shares worth NGN9.04 billion in 16,482 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 4.319 billion shares valued at NGN7.37 billion that exchanged hands last week in 9,330 deals.

The Financial Services Industry (measured by volume) led the activity chart with 903.696 million shares valued at NGN3.33 billion traded in 9,240 deals; thus contributing 80.88% and 36.90% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 67.147 million shares worth NGN109.01 million in 609 deals. The third place was occupied by Consumer Goods Industry with a turnover of 59.710 million shares worth NGN4.00 billion in 2,686 deals.

Trading in the Top Three Equities namely – Fidelity Bank Plc, Omoluabi Savings and Loans Plc and Diamond Bank Plc (measured by volume) accounted for 299.270 million shares worth NGN277.93 million in 1,029 deals, contributing 26.79% and 3.07% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 2,443 units of Exchange Traded Products (ETPs) valued at NGN730,619.05 executed in 23 deals, compared with a total of 55 units valued at NGN505.65 transacted last week in 11 deals.

A total of 5,200 units of Federal Government Bonds valued at NGN5.004 million were traded this week in 5 deals, compared with a total of 5,100 units valued at NGN5.120 million transacted last week in 2 deals.

The NSE All-Share Index and Market Capitalization appreciated by 0.28% to close the week at 26,325.93 and NGN9.058 trillion respectively. Similarly, all other Indices finished higher during the week with the exception of the NSE-Main Board, NSE Insurance, NSE Consumer Goods, NSE Oil/Gas and NSE Lotus II indices that depreciated by 0.39%, 0.34%, 1.82%, 3.15% and 1.87% respectively.

31 equities appreciated in price during the week, higher than 18 equities of the previous week.34 equities depreciated in price, higher than 31 equities of the previous week, while 110 equities remained unchanged 126 equities recorded in the preceding week.

Top 10 price gainers this week are- Diamond Bank Plc, The Okomu Oil Palm Company Plc , Sterling Bank Plc, Continental Reinsurance Plc , United Capital Plc , May & Baker Nigeria Plc , Fidelity Bank Plc, Fcmb Group Plc, United Bank For Africa Plc ,Access Bank Of Nigeria Plc.

Top 10 price decliners this week are-Cutix Plc , 7-Up Bottling Company Plc , Caverton Offshore Support Grp Plc , Fidson Healthcare Plc , Nascon Allied Industries Plc, N.E.M Insurance Co.(Nig) Plc , Julius Berger Nigeria Plc , Uacn Property Development Co. Plc, Guinness Nigeria Plc, Forte Oil Plc.