Stock mar­ket in­dex dips by 2.89% in five trad­ing days

The Guardian (Nigeria) - - FINANCE & ECONOMY - By He­len Oji

AT the end of last week’s trad­ing, the NSE All-share In­dex de­pre­ci­ated by 2.89 per cent, while the mar­ket cap­i­tal­i­sa­tion dipped by 2.86 per cent to close at 35,446.47 points and N12.941 tril­lion re­spec­tively.

Sim­i­larly, all other in­dices fin­ished lower with the ex­cep­tion of the ASEM In­dex that re­mained flat. A fur­ther break­down of ac­tiv­i­ties last week, showed that 20 eq­ui­ties ap­pre­ci­ated in price, lower than 34 in the pre­vi­ous week.

Also, 47 eq­ui­ties de­pre­ci­ated in price, lower than 48 eq­ui­ties of the pre­vi­ous week, while 103 eq­ui­ties re- mained un­changed higher than 87 eq­ui­ties recorded in the pre­vi­ous week. Con­se­quently, a turnover of 925.630 million shares worth N8.333 bil­lion in 15,565 deals was achieved by in­vestors on the floor of the Ex­change, against 1.391 bil­lion shares val­ued at N20.316 bil­lion that were ex­changed the pre­vi­ous week in 20,064 deals.

The fi­nan­cial ser­vices in­dus­try (mea­sured by vol­ume), led the ac­tiv­ity chart with 680.751 million shares, val­ued at N5.283 bil­lion and traded in 8,524 deals, thus con­tribut­ing 73.54 per cent to the to­tal eq­uity turnover vol­ume and value re­spec­tively. The health­care in­dus­try fol­lowed with 47.664 million shares worth N31.197 million in 531 deals. The third place was oc­cu­pied by con­glom­er­ates in­dus­try with a turnover of 40.814 million shares worth N63.710 million in 728 deals. Trad­ing in the top three eq­ui­ties namely- United Bank for Africa Plc, Wema Bank Plc and Zenith In­ter­na­tional Bank Plc (mea­sured by vol­ume), ac­counted for 260.554 million shares worth N2.790 bil­lion in 2,266 deals, con­tribut­ing 28.15 per cent to the to­tal eq­uity turnover vol­ume.

Also traded dur­ing the week were 1,727 units of Ex­change Traded Prod­ucts (ETPS), val­ued at N333,925.78 and ex­e­cuted in nine deals, com­pared with 2,304 units val­ued at N376,541.65 that were trans­acted in pre­vi­ous week in 16 deals.

A to­tal of 7,787 units of Fed­eral Gov­ern­ment Bond val­ued at N8.005 million was traded last week in 11 deals com­pared with 16,463 units val­ued at N18.200 million trans­acted the pre­vi­ous week in 27 deals.

Ad­di­tional vol­umes of 46,394,252, 11,580,600 and 8,925,500 units were added to the fol­low­ing bonds 13.98 per cent FGN Feb 2028; 13.53 per cent FGN MAR 2025; and 12.75 per cent FGN APR 2023, re­spec­tively on Tues­day Au­gust 7, 2018.

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.