How the stock market performed this week

African Alliance Stockbrokers

A total turnover of 1.387 billion shares worth NGN13.72 billion in 15,422 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 765.656 million shares valued at NGN9.71 billion that exchanged hands last week in 12,468 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.224 billion shares valued at NGN9.080 billion traded in 10,213 deals; thus contributing 88.19% and 66.15% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 52.016 million shares worth NGN3.43 billion in 2,311 deals. The third place was occupied by Conglomerates Industry with a turnover of 41.515 million shares worth NGN63.50 million in 586 deals.

Trading in the Top Three Equities namely – Zenith International Bank Plc, Continental Reinsurance Plc and United Bank for Africa Plc (measured by volume) accounted for 738.698 million shares worth NGN6.91 billion in 4,205 deals, contributing 53.24% and 50.34% to the total equity turnover volume and value respectively.

There were no trades recorded in Exchange Traded Products this week. A total of 375 units of Federal Government Bonds valued at NGN447,055.02 were traded this week in 5 deals, compared with a total of 24,850 units valued at NGN20.53 million transacted last week in 6 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.94% to close the week at 25,012.08 and NGN8.65 trillion respectively. However, all other Indices finished higher during the week with the exception of the NSE Premium and NSE Industrial Goods Indices that depreciated by 4.47% and 2.33% respectively while the ASEM Index closed flat.

24 equities appreciated in price during the week, higher than 18 equities of the previous week. 24 equities depreciated in price, lower 34 equities of the previous week, while 129 equities remained unchanged higher than 125 equities recorded in the preceding week.

Top price Gainers- Nestle Nigeria Plc, Okomu Oil Palm Plc,  Vitafoam Nig Plc. , Aiico Insurance Plc,  Seplat Petroleum Development Company Ltd,  U A C N Plc.,  Oando Plc,  Beta Glass Plc, Total Nigeria Plc. , Stanbic Ibtc Holdings Plc ,

Top price Decliners – United Capital Plc , Cadbury Nigeria Plc. , 7-Up Bottling Comp. , Transnational Corporation Of Nigeria Plc , Unity Bank Plc, Fcmb Group Plc. , Guinness Nig Plc , Africa Prudential Registrars Plc , Dangote Cement Plc, University Press Plc.

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