Home Stocks & Shares NSE: Investors trade N16.13bn for 2.05bn shares last in one week

NSE: Investors trade N16.13bn for 2.05bn shares last in one week

Investors traded N17.249bn shares this week

A total turnover of 2.051 billion shares worth N16.126 billion in 13,508 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 896.610 million shares valued at N16.561 billion that exchanged hands last week in 12,638 deals.

The Financial Services industry (measured by volume) led the activity chart with 1.784 billion shares valued at N12.588 billion traded in 8,469 deals; thus contributing 87.00per cent and 78.06per cent to the total equity turnover volume and value respectively.

The Conglomerates industry followed with 98.429 million shares worth N120.779 million in 444 deals. The third place was Construction/Real Estate industry with a turnover of 57.873 million shares worth N66.019 million in 90 deals.

Meanwhile, trading in the top three equities namely, Omoluabi Mortgage Bank Plc, Zenith Bank Plc and Transnational Corporation of Nigeria Plc. (measured by volume) accounted for 1.388 billion shares worth N9.067 billion in 2,221 deals, contributing 67.69per cent and 56.22per cent to the total equity turnover volume and value respectively.

The NSE All-Share Index (ASI)and Market Capitalization both depreciated by 0.38per cent to close the week at 26,348.73 and N12.826 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE MERI Growth Index which appreciated by 0.19per cent.

Also, the NSE ASI declined by 99.89 basis points to 26348.73 from 26448.62 traded the previous week. While the NSE Main Board Index went down by 4.55 to 1,064.72 points, NSE 30 index dropped by 2.79 to 1066.52, NSE Corporate Governance sheds 5.88 to 943.00, NSE Premium dipped by 7.39 to 2191.31 points and NSE Banking Index decreased by 1.28 basis points to 318.01 points.

NSE Pension index dropped by 11.39 to 933.44 points, NSE Insurance index went down by 1.78 to 119.49 points NSE AseM index depreciated by 16.67 to 757.63 points, NSE Afri Bank value index down by 3.59 to 838.76 points, NSE Afri Div Yield Index also lowered by 13.07 to 1166.08 points. NSE Meri value index fail by 4.13 to N1128.76, NSE Consumer Goods index dipped by 3.06 to 509.20, NSE Oil and Gas index sheds 0.68 to 224.57 points, NSE Lotus II decreased by 9.05 to 1678.48 while NSE Industrial Goods index declined by 15.90 to 1036.88 points.

Interestingly, eighteen equities appreciated in price during the week, lower than nineteen in the previous week. Thirty-three equities depreciated in price, higher than twenty-three equities in the previous week, while one hundred and fifteen equities remained unchanged, lower than one hundred and twenty-four equities recorded in the preceding week.

On the gainers list, Cornerstone Insurance Plc led gainers table during the week, appreciating by 18.75 or N0.06 kobo to close at N0.38 kobo, Consolidated Hallmark followed with a gain of 12.12 per cent or N0.04 kobo to close at N0.37 kobo, Trans Nationwide Express Plc added 9.09 per cent or N0.07 kobo to close at N0.84 kobo. Other stock appreciated in price were Sterling Bank Plc 7.78 per cent , A.G. Leventis Nigeria Plc 7.69 per cent, UAC Property Development Company Plc 7.00 per cent, Cutix Plc 6.87 per cent, Courteville Business Solution Plc 5.00 per crnt , Union Diagnostic and Clinical Services Plc 4.55 per cent, Continental Reinsurance Plc 3.46 per cent.

Guinness Nigeria Plc topped losers chart for the week, dropping by 18.74 per cent or N5.50 kobo to close at N23.85 kobo, NEM Insurance Plc trailed with a loss of 13.04 per cent or N0.30 kobo to close at N2.00 , Custodian Investment Plc fell by 12.10 per cent or N0.75 kobo to close at N5.45 kobo.

Other firms that recorded price depreciation were Jaiz Bank Plc 10.00 per cent , C &I Leasing 9.59 per cent, Eterna Plc 9.52 per cent , Glaxosmith Kline 9.38 per cent, Ikeja Hotel Plc 9.32 per cent , Wapic Insurance Plc 8.57 per cent and Lasaco Assurance Plc 7.14 per cent

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