NSE Weekly Report: Market Capitalisation Falls By 0.93%
By Modupe Gbadeyanka
A turnover of 873.838 million shares worth N8.024 billion in 15,944 deals were traded this week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 678.710 million shares valued at N6.875 billion that exchanged hands last week in 11,808 deals.
Extracts from the NSE weekly report revealed that the Financial Services Industry (measured by volume) led the activity chart with 654.180 million shares valued at N2.837 billion traded in 9,835 deals; thus contributing 74.86% and 35.36% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 74.722 million shares worth N4.141 billion in 2,367 deals.
The third place was occupied by the Conglomerates Industry with a turnover of 61.617 million shares worth N93.366 million in 666 deals.
It was disclosed that the All-Share Index and Market Capitalization depreciated by 1.15 percent and 0.93 percent to close the week at 26,981.60 and N9.288 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception of the NSE Insurance, NSE Lotus II and NSE Industrial Goods Indices that depreciated by 1.29 percent, 2.11 percent and 2.98 percent respectively while the NSE ASeM Index closed flat.
Trading in the Top Three Equities namely – Sterling Bank Plc, FCMB Group Plc and Transnational
Corporation of Nigeria Plc (measured by volume) accounted for 250.205 million shares worth N237.138 million in 3,654 deals, contributing 28.63 percent and 2.96 percent to the total equity turnover volume and value respectively.
Data also obtained from the report by Business Post revealed that during the week under review, a total of 56,688 units of Exchange Traded Products (ETPs) valued at N817,310 were executed in 31 deals, compared with a total of 5.079 million units valued at N49.828 million transacted last week in 57 deals.
Also, a total of 13,020 units of Federal Government Bonds valued at N12.953 million were traded in 14 deals compared to 4,100 units valued at N4.287 million transacted last week in 3 deals.
The report also pointed out that 24 equities appreciated in price during the week, higher than 21 equities of the previous week, while 37 equities depreciated in price, lower than 41 equities of the previous week and 120 equities remained unchanged higher than 118 equities recorded in the preceding week.
During the week too, a total of 413,175,709 ordinary shares were added to the outstanding shares of
Lafarge Africa Plc. The shares arose from the acquisition of indirect 50 percent shareholding of United Cement Company Ltd. By this action, the total outstanding shares of the company now stood at 5,423,567,700.
The top five gainers for the week are Learn Africa Pls, Airline Services, Okomu Oil, MRS and Dangote, while the top losers are Oando, University Press, UACN, Ashaka Cement and Meryer Plc.