Home Stocks & Shares Equity market last week sustained volatility, sheds N1197bn

Equity market last week sustained volatility, sheds N1197bn

Equity market opens ​ week on negative note, sheds N5 bn

COMFORT EKELEME, Asst Business Editor

Transactions on the floor of the Nigerian Stock Exchange (NSE) last week sustained volatility, shedding N197 billion.​

Market capitalisation of listed equities depreciated by 1.76 per cent to N10.979 trillion from N11.176 trillion reported the previous week.

The NSE All Share Index​ (ASI) equally declined by 528.41 basis points to 29212.00 from 29740.41 points previous week.

The NSE weekly result showed that all other indices finished lower with the exception​ of​ the NSE Pension, NSE Insurance and NSE Oil/Gas Indices that rose by 0.49 per cent 1.30 per cent and 0.02 per cent respectively.​

The NSE Main board fell by 18.28 to 1330.62 points, NSE 30 index went down by 19.47 to 1313.28, NSE Corporate Governance index sheds 14.10 to 1159.12, NSE Premium index dropped by 49.01to 2100.96 points, NSE Banking index sheds 5.06 basis points 380.81 points, NSE ASeM index went down by 1.70 to 806.91 points , NSE AFR Bank value 11.46 to 978.87 points, AFR Div yield 16.57 to 1345.81 points, NSE Merit Growth Index 36.47 to 1533.33, NSE Meri Value Index 1.84 to 1,294.68 points, NSE Consumer goods index 1.95 kobo to 671.05 points, NSE Lotus II 65.18 basis points to 2087.91 and NSE Industrial goods index 47.73 to 1100.74 point.

The trading activities which lasted four days to mark workers day showed that investors​ ​ traded a turnover of​1.470​ billion shares worth N15.498 billion in 18,092 deals ​ in contrast to a total of 1.432 billion shares valued at N15.089 billion that exchanged hands last week in 15,342 deals.

The Financial Services Industry led the activity chart with 610.138 million shares valued at N5.828 billion traded in 8,012 deals, contributing 41.50 per cent and 37.61 per cent to the total equity turnover volume and value​respectively.

​ The​ Conglomerates​ Industry followed with ​ account of 227.766 million shares worth N777.211 million in 1,558 deals. The third position went to Consumer Goods Industry with a turnover of 154.760 million shares worth N4.496 billion in 3,622 deals.

Trading in the top three equities namely, Transnational Corporation of Nigeria Plc, Cement Company of Northern Nigeria Plc and​ Japaul Oil & Maritime Services​ Plc accounted for​ 403.650​ million shares worth N2.103 billion in 1,124 deals, contributing 27.46 per cent and 13.57 per cent to the total equity turnover volume and value respectively.

A break down of the transactions for the week indicated that​ ​ 32 equities appreciated in price against 30 in the previous week. The result further showed that 44 listed companies recorded price depreciation compared with ​ 40 against ​ while 92 equities remained unchanged, lower than 97 equities recorded in the preceding week.

Japaul Oil and Maritime Services Plc led gainers table, gaining 39.25 per cent or N0.11 kobo to close at N0.39 kobo, Julius Berger Nigeria Plc followed with a gain of 19.78 per cent or N4.45 kobo to close at N26.95 kobo, Forte Oil Plc gained 19.69 per cent or N5.75 kobo to close at N34.95 kobo. Other firms appreciated in price were Jaiz bank Plc 12.50 kobo, UACN Property Development Company Plc 12.00, Transnational Corporation of Nigeria ( Transcorp) 11.61 per cent, Caverton Offshore Support GRP Plc 11.52 per cent, Courteville Business Solutions Plc 10.00, Verital Kapital Assurance Plc 10.00, Dangote Flour Mills Plc 9.97 per cent.

On the contrary, Goldlink Insurance Plc topped losers chart, dropping by 18.18 per cent or N0.08 kobo to close at N0.36 kobo, First Aluminium Nigeria Plc trailed with a loss of 12.50 per cent or N0.06 kobo to close at N0.42 kobo, Royal Exchange Plc fell by 11.54 per cent or N0.03 kobo to close at N0.23 kobo. Others are total Nigeria Plc 10.99 per cent, Afromedia Plc 10.00 per cent, Mcnichols Plc 9.09 per cent, Academy Press Plc 9.09 per cent, NPF Micro finance Bank Plc 9.03 per cent, Cutix Plc 8.78 per cent, Oando Plc 8.49 per cent

A total of 1.190 million units of Exchange Traded Products (ETPs) valued at N10.967 executed in 12 deals compared with a total of 4,800 units valued at N45,578.70 transacted last week in 9 deals​

A total of 14,589 units of Federal Government Bonds valued at N15.164 million were traded this week in 12 deals compared with a total of 41,150 units valued at N43.977 million transacted last week in 11 deals.

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